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Côte d’Ivoire: Reminder of regulatory obligations in terms of reporting for the year 2022, Treasury press release

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Côte d’Ivoire: Reminder of regulatory obligations in terms of reporting for the year 2022, Treasury press release

COMMUNICATED

REMINDER OF REGULATORY OBLIGATlONS REGARDING REPORTING FOR 2022

It is brought to the attention of decentralized financial systems (SFD) that in accordance with the provisions of Ordinance No. 2011-367 of November 03, 2011 regulating decentralized systems and the instructions of the Central Bank of African States. West (BCEAO), SFDs are required to comply with certain reporting obligations, namely:

• Obligations common to SFDs:

ü the transmission of the financial statements no later than six (6) months after the end of the 2021 financial year, i.e. June 30, 2022;

ü updating addresses, identification information and service points

ü the transmission of the status of implementation of the recommendations no later than the 05th of each month of the current year

ü transmission of internal verification or inspection reports within 30 days of their production.

• Obligations specific to unitary mutual funds:

ü the transmission of the global internal control reports for the 2021 financial year, no later than June 30, 2022

• Obligations specific to network DFS:

ü the commission in charge of the identity of the auditors as well as the certification of the accounts and the annexed statements

ü the commission to the Guardianship of the proof of the establishment of a security fund

• Obligations specific to SFDs set up in the form of a public limited company:

ü the transmission of the overall internal control reports for the 2021 financial year, no later than June 30, 2022;

ü the communication to the Supervisory Authority of the identity of the Statutory Auditors and the certification of the accounts and the annexed statements.

1 In accordance with Ordinance No. 2011-367 of November 3, 2011 on the regulation of decentralized financial systems, Article 44 applies to SFDs having totaled outstanding deposit loans of at least CFAF 2,000,000,000 under the terms of 2 consecutive exercises

• Obligations specific to SFDs referred to in Article 441:

ü the transmission of periodic monthly data within thirty (30) days following the end of the quarter

ü the communication to the Supervisory Authority of the identity of the Commissioners

to the Accounts as well as the certification of accounts and

annexed statements;

ü publication of the financial statements in the Official Journal of the

Republic of Côte d’Ivoire or in at least two (2) newspapers with wide circulation.

• Obligations specific to SFDs not covered by Article 44:

ü the transmission of periodic quarterly data within thirty (30) days of the end of the quarter:

All this information must be transmitted to the Directorate of Regulation and Surveillance of Decentralized Financial Systems (DRSSFD) located on the ground floor of the building of the former United States Embassy in Abidjan Plateau.

In addition, the electronic versions of the said information must be transmitted via templates available on the DRSSFFD internet portal (https://microfinance.tresor.gouv.ci) at the following address:

[email protected]

As a reminder, the following documents should have been sent since January 31, 2022;

ü the annual internal control programs for the year 2022

ü the overall internal control reports for the 2021 financial year for the SFDs formed as a network

The DRSSFD would like to remind you that any failure to communicate information intended for the Supervisory Authority within the required deadlines exposes the SFD to the payment of late payment penalties pursuant to Article 73 of Ordinance No. 2011-367 of November 03, 2011 regulating SFDs.

ASSAHORE KONAN JACQUES

Director General of Treasury and Public Accounting

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