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Senegal

SN · SEN · Middle East & Africa

7 regulators · 6 laws & regulations · 5 obligations · 10 enforcement actions

Obligation Timing Regulator Arises from Source Detail
All industries
Lawful basis, notice and data subject rights — CDP — source
Banking
Business continuity plan tested annually Frequency At least once a year Commission Bancaire de l'UMOA (UMOA Banking Commission) 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) official
Submission of outsourcing contracts to the Commission Bancaire Deadline Before signing the contract Commission Bancaire de l'UMOA (UMOA Banking Commission) 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) official
Payments & Fintech
Prior notice to the BCEAO before outsourcing a critical function Deadline At least 30 days before outsourcing BCEAO — official
Reporting of major operational incidents to the BCEAO Deadline Without delay; detailed report within 72 hours BCEAO — official