Senegal
7 regulators · 6 laws & regulations · 5 obligations · 10 enforcement actions
| Law or regulation | Type | Year | Regulator | Summary | Source |
|---|---|---|---|---|---|
| Décision n°106-04-2025 du 8 avril 2025 relative au Laboratoire d'Innovation Financière (LIF-BCEAO) (Decision on the Financial Innovation Laboratory) status not recorded | Direction | 2025 | BCEAO | Created the Laboratoire d'Innovation Financière within the BCEAO, in which licensed… | official |
Created the Laboratoire d'Innovation Financière within the BCEAO, in which licensed institutions and fintechs can test innovative products under BCEAO supervision in a lighter regulatory framework. A call for applications for the first cohort was published on 14 October 2026, with applications due by 30 November 2026. The decision text itself was not read. | |||||
| Instruction n°006-05-2018 du 16 mai 2018 fixant les modalités d'application des sanctions pécuniaires prononcées par la Commission Bancaire de l'UMOA à l'encontre des établissements de crédit de l'UMOA (Instruction on the application of pecuniary sanctions imposed by the UMOA Banking Commission) status not recorded | Direction | 2018 | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Sets the rules for the pecuniary sanctions the Commission Bancaire imposes on credit… | official |
Sets the rules for the pecuniary sanctions the Commission Bancaire imposes on credit institutions in addition to disciplinary sanctions. It sorts infractions into three categories by risk (administrative; accounting, information and internal control; financial structure) and caps penalties at 300 million FCFA for banks and 90 million FCFA for financial establishments with a banking character. Signed in Dakar on 16 May 2018 and in force from 28 May 2018; the BCEAO collects the penalties. | |||||
| Circulaire n°04-2017/CB/C relative à la gestion des risques dans les établissements de crédit et les compagnies financières de l'UMOA (Circular on risk management in credit institutions and financial holding companies) status not recorded | Circular | 2017 | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Adopted in Abidjan on 27 September 2017 and in force from 2 July 2018 (Art. 57)… | official |
Adopted in Abidjan on 27 September 2017 and in force from 2 July 2018 (Art. 57), repealing Circulaire 003-2011/CB/C. It requires security of information systems (Art. 31), an annually tested business continuity plan (Arts. 39-41) and controls over outsourcing, including prior submission of draft outsourcing contracts to the Commission Bancaire (Arts. 33-38). | |||||
| Loi n° 2008-11 du 25 janvier 2008 portant sur la Cybercriminalité (Law No. 2008-11 on Cybercrime) status not recorded | Act | 2008 | — | Inserts cybercrime offences into the Penal Code, including unauthorised access (Arts.… | official |
Inserts cybercrime offences into the Penal Code, including unauthorised access (Arts. 431-8 and 431-9), system and data interference (Arts. 431-10 to 431-13), computer forgery and fraud (Arts. 431-14 to 431-16) and child sexual abuse material (Arts. 431-34 to 431-37), and data preservation and search powers into the Code of Criminal Procedure (Arts. 677-35 to 677-38). Source is the Council of Europe's legal profile of Senegal. | |||||
| Convention portant création du Conseil Régional de l'Epargne Publique et des Marchés Financiers (Convention establishing the Regional Council for Public Savings and Financial Markets) status not recorded | Act | 1996 | AMF-UMOA | Signed on 3 July 1996 by the governments of Benin, Burkina Faso, Côte d'Ivoire, Mali… | official |
Signed on 3 July 1996 by the governments of Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal and Togo. Art. 1 sets up the body within the UMOA to organise and supervise public offerings of savings and to authorise and supervise participants in the regional financial market. | |||||
| Traité instituant une organisation intégrée de l'industrie des assurances dans les États africains (Traité CIMA) (Treaty establishing an integrated organisation of the insurance industry in the African states) status not recorded | Act | 1992 | CIMA | Signed at Yaoundé on 10 July 1992, with Senegal named among the fourteen parties. Arts.… | official |
Signed at Yaoundé on 10 July 1992, with Senegal named among the fourteen parties. Arts. 6-15 set up the Council of Ministers and Arts. 16-30 the CRCA, including its sanctioning powers (Art. 17) and the appeal to the Council of Ministers (Art. 22). | |||||
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