Regulation No. 01_2017_BCC_DSBR on Electronic Money

The Central Bank of the Comoros issued Regulation No. 01/2017/BCC/DSBR to establish the conditions and procedures for conducting electronic money activities. This regulation is grounded in national laws governing financial institutions, currency control, anti-money laundering, and payment systems. It formally defines key terms such as 'acceptor' and 'credit institution' to standardize the regulatory framework for electronic money providers.

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CENTRAL BANK OF THE COMOROS
REGULATION No. 01 /2017/BCC / DSBR
REGULATING THE EXERCISE OF ELECTRONIC MONEY ACTIVITIES

Having regard to the Statutes of the Central Bank of the Comoros; Having regard to Law 13-003/AU of June 12, 2013, regulating the activities of Financial Institutions; Having regard to Law 80/08 of June 26, 1980, relating to currency and the role of the Central Bank of the Comores in the control of banks, financial establishments, credit, and foreign exchange; Having regard to Law No. 12-008/AU of June 28, 2012, combating money laundering and the financing of terrorism; Having regard to Decree No. 15-026/PR of March 3, 2015, concerning payment systems, means, and incidents; Having regard to Decree No. 87-005/PR, regulating financial relations between the Federal Islamic Republic of the Comoros and foreign countries; Having regard to Regulations No. 01/2015/BCC/DSBR, No. 17/2015/BCC/DSBR, No. 16/2015/BCC/DSBR, and No. 11/2016/BCC/DSBR of the Central Bank,

The Governor of the Central Bank of the Comoros Sets the conditions and procedures for the exercise of electronic money activities

Article: Definitions

1.1 Acceptor: the provider of goods and services accepting electronic money as payment
1.2 Credit Institution: as defined in Article 3 of the banking law

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Lineage: In force

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Issued under: Law No. 12 dated 2012-06-28Law No. 12-008/AU dated 2012-06-28Law No. 13 dated 2013-06-12Law No. 13-003/AU dated 2013-06-12Law No. 80/08 dated 1980-06-26Regulation No. 15 dated 2015-03-03
Refers to: Regulation 016 on the Approval of Financial Institutions2015 Regulation 017 on the Approval of Responsible Executives of Financial Institutions2015

Source: Banque Centrale des Comores — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works