Mali

Art. 84 requires notification of any major operational incident to the BCEAO and the Commission Bancaire without delay, followed by a detailed report within 72 hours after the notification. Major incidents are defined in Art. 3(26).

Art. 28 requires notice to the BCEAO and the Commission Bancaire at least 30 days before outsourcing a critical operational function, and Art. 36 makes draft contracts for such outsourcing subject to prior information to the Central Bank under Art. 28. The text provides for notice, not approval.

Art. 9 bars providing the listed payment services without prior approval and listing as a payment institution. Art. 18 gives the BCEAO six months from a complete file, Art. 19 treats silence after six months as refusal (nine months where the home supervisor's non-objection is needed), and Art. 27 requires prior authorisation for listed changes such as mergers or major shareholding changes.

Art. 48 requires customer funds to be identifiable and kept apart from own funds, with funds not paid out or transferred by the end of the next working day after receipt placed in safeguarding accounts at a bank or microfinance institution and reconciled at the end of each working day.