Regulation No.15/2002/CM/UEMOA on Payment Systems in the Member States of WAEMU

WAEMU

(enacted in 2002)

Regulations on Payment Systems (Règlement No.15/2002/CM/UEMOA Relatif aux Systèmes de Paiement dans les États Membres de l’Union Economique et Monétaire Ouest Africaine (UEMOA)) aim to set up a regional framework on payment systems in member states of the West African Economic and Monetary Union (WAEMU). This law addresses several topics related to payment systems, such as:

  • participants in the payment system;
  • operations;
  • mechanisms to secure payment systems;
  • instruments of payment;
  • opening and operating an account; and
  • information concerning checks.

DISCLAIMER: Due to an official English translation was unavailable for these regulations, information from this summary has been taken from secondary sources and unofficial translations and not from review of the actual legal text.