Directive No. 017-12-2010 Relating to Internal Control Systems in MFIs


(enacted in 2010)

Directive No. 017-12-2010, issued by the Central Bank of West African States (BCEAO), requires all MFIs operating in a WAEMU member state to establish a system for internal control, which fulfills certain functions, and submit reports either BCEAO or the Banking Commission.

DISCLAIMER: This information is based on an unofficial translation from the French.