Act 2016 status not recorded
Loi n° 2016-48 du 11 juillet 2016 relative aux banques et aux établissements financiers (Law 2016-48 on banks and financial institutions)
Plain-English summary
Published in JORT no. 58 of 15 July 2016. It sets licensing by a commission chaired by the BCT Governor (Arts. 25-33), BCT on-site and off-site supervision covering governance, solvency, internal control and information-system security (Arts. 63-69), outsourcing (Art. 81) and recovery measures (Arts. 100-103). It also covers payment services, payment institutions and electronic money (Arts. 9-10, 20-21, 32). The text read stops at Art. 104.
Who it applies to
Banking · Payments & Fintech
Topics
Prudential & Capital Cybersecurity & IT Risk Payments & Fintech / Digital Assets Operational Risk & Outsourcing
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Outsourcing: written contract and prior notice to the BCT | Deadline Prior notice to the BCT; silence for one month counts as acceptance | — | source | |
Art. 81 of Law 2016-48 lets banks and financial institutions outsource certain operations, except the banking operations of Title II, under a written agreement. They must notify the BCT before signing, and the BCT's silence for one month from notification counts as acceptance. |
||||
| No obligations match these filters. | ||||
Latest news
-
RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…
-
RBI penalizes Ola Financial Services for KYC compliance failures
25 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…