Regulatory AlertsLicensing regulation in Madagascar
Authorization, registration and licensing frameworks for banks, fintechs and financial-service providers. 28 publications, summarized in English and updated same-day.
2026-01-06
Banking Law No. 2020-011
Madagascar
BFM
2026-01-06
Law No. 2017-026 on Microfinance
Madagascar
BFM
2026-01-06
Law No. 2016-056 on Electronic Money and Electronic Money Institutions
Madagascar
BFM
2025-04-25
Instruction No. 001-2025-CSBF on the Approval of Banks and Financial Institutions
Madagascar
BFM
2023-10-27
Instruction No. 003/2023-CSBF of October 27, 2023 on the Approval of Insurance Companies and Branches of Foreign Reinsurance Companies
Madagascar
BFM
2021-03-11
Law No. 2020-011 on Banking Law
Madagascar
BFM
2019-12-31
Decision No. 016/2019 - CSBF Granting a Currency Exchange Office License in the Name of "Activa Change" to Activa SARL
Madagascar
BFM
2019-10-17
Instruction No. 001/2019-CSBF on the Approval of Microfinance Institutions (MFIs)
Madagascar
BFM
2019-09-06
Decision No. 013/2019-CSBF extending authorized activities to Société Générale Madagasikara
Madagascar
BFM
2019-09-06
Decision No. 011/2019-CSBF Approving Agrivola as a Deposit and Credit Microfinance Institution
Madagascar
BFM
2019-09-06
Decision No. 012/2019-CSBF Approving Airtel Mobile Commerce Madagascar as an Electronic Money Institution
Madagascar
BFM
2019-05-13
Order No. 9777-2019 on the Conditions for Exercise and Supervision of Microfinance Operations under Article 2.3 of Law No. 2017-026 on Microfinance
Madagascar
BFM
2019-03-01
Decision No. 003/2019-CSBF Approving Orange Money Madagascar as an Electronic Money Institution
Madagascar
BFM
2019-03-01
Decision No. 002/2019-CSBF Approving Caisse d'Epargne de Madagascar as a Deposit and Credit Microfinance Institution
Madagascar
BFM
2018-12-04
Decision No. 001/2018-DDI Approving CRIF Madagascar as a Credit Information Bureau
Madagascar
BFM
2018-07-27
Instruction No. 001-DDI/2018 Governing the Procedures for Granting Approval as a Credit Information Bureau (CIB)
Madagascar
BFM
2018-06-20
Order No. 16,658 of June 20, 2018 Fixing the Application Fees for Electronic Money Institutions
Madagascar
BFM
2018-04-12
Instruction No. 003/2018-CSBF on the Governance and Control of Electronic Money Institutions
Madagascar
BFM
2018-04-12
Instruction No. 001/2018-CSBF on the Exercise of Electronic Money Activities by Credit Institutions
Madagascar
BFM
2018-02-16
Law No. 2017-026 on Microfinance
Madagascar
BFM
2017-09-29
Instruction No. 002/2017-CSBF on the Approval of Electronic Money Institutions
Madagascar
BFM
2017-09-26
Decree No. 2017-851 Implementing Law No. 2016-056 of February 2, 2017 on Electronic Money and Electronic Money Institutions
Madagascar
BFM
2007-01-09
Decree No. 2007-013 on the Minimum Capital of Credit Institutions and the Nominal Value of Participation Shares
Madagascar
BFM
2007-01-09
Decree No. 2007-012 Establishing the Legal Forms of Microfinance Institutions and Their Registration Procedures with the Trade and Companies Register
Madagascar
BFM
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