Regulatory Alerts2012-04-14
Added · Updated
Instruction No. 009 to Savings and Credit Cooperatives and Microfinance Institutions Regarding the Transmission of Periodic Statements
Savings and Credit Cooperatives and Microfinance Institutions are required to transmit periodic financial and operational statements electronically to the Central Bank of the Congo using the FinA format. Monthly submissions, due by the 15th day of the following month, include accounting statements and annexes, while annual submissions, due within six and four months respectively, require certified financial statements, internal control reports, governance memoranda, and business plans. Institutions must also submit an annual activity report containing performance indicators and financial analysis, with late transmissions subject to daily penalties and fees.
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