Act status not recorded

Loi-cadre portant réglementation bancaire (Framework Law on Banking Regulation of the UMOA)

Summary

Model banking law with a blank for the member state. It requires prior approval and listing before any banking activity (Art. 13), makes approval subject to a binding opinion of the Commission Bancaire (Art. 16) and gives the Commission powers over provisional administration, liquidation and disciplinary sanctions (Arts. 60-66).

Topics: Prudential & Capital

Who it applies to

Banking

Official source

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