Regulatory Alerts2007-01-01
Instruction No. 10/GR/2007 on the Approval and Registration Procedures for Microfinance Institutions
The Central Bank of Mauritania issued Instruction No. 10/GR/2007 to establish the approval and registration procedures for Category A, B, and C Microfinance Institutions (MFIs). The directive mandates specific capital thresholds, documentation requirements, and collective approval mechanisms for networked MFIs while detailing processes for merger, demerger, affiliation, and de-affiliation. It further defines the regulatory oversight of central network structures, stipulates conditions for license withdrawal due to non-compliance or inactivity, and sets a six-month transition period for de facto networks to formalize their status.
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