Week of
Senegal's BCEAO and Bulgaria's FSC issued rules on automated financial reporting and crypto-asset licensing. The Central Bank of West African States (BCEAO) published a notice requiring credit institutions, banking holdings and financial companies of the UMOA to submit individual and consolidated financial statements through a new dedicated platform, the Cadre de Reporting Automatisé des Etats Financiers (CRAEF), starting with the end of the first half of 2026, while keeping the existing obligation to transmit statements in physical format. Bulgaria's ordinance sets the conditions and procedure for licensing and carrying out activities by issuers of asset-referenced tokens and crypto-asset service providers, applying Regulation (EU) 2023/1114 (MiCA) and Regulation (EU) 2022/2554 (DORA), and covers applications and notifications to the Financial Supervision Commission, requirements for management bodies, shareholders and personnel, internal organization and risk management, and approval of insiders for penetration tests. The two records differ in subject and scope: one concerns reporting arrangements for supervised financial institutions, the other a licensing and supervisory framework for crypto-asset activities.
Bulgaria
ORDINANCE No. 77 of March 12, 2026, on the conditions and procedure for licensing and carrying out activities by issuers of asset-referenced tokens and crypto-asset service providers
This ordinance regulates the conditions and procedure for licensing and carrying out activities by issuers of asset-referenced tokens and crypto-asset service providers in Bulgaria, applying Regulation (EU) 2023/1114 (MiCA) and Regulation (EU) 2022/2554 (DORA). It defines the procedure for submitting applications and notifications to the Financial Supervision Commission, requirements for management bodies, shareholders, and personnel, rules for internal organization and risk management, as well as procedures for approving insiders for penetration tests. The ordinance directly affects issuers of asset-referenced tokens, crypto-asset service providers, and persons providing advice on crypto-assets.
RegulationTranslated to EnglishBulgarianDigital currencyLicensing
Senegal
Notice No. 002-03-2026 to credit institutions and financial holding companies regarding the procedures for automated reporting of financial statements
The Governor of the Central Bank of West African States (BCEAO) informs credit institutions, including banking holdings, and financial companies of the UMOA that they must submit their individual and consolidated financial statements through a new dedicated platform, the Cadre de Reporting Automatisé des Etats Financiers (CRAEF), starting with the end of the first half of 2026. The notice modernizes the collection of financial reporting under Instruction n°035-11-2016 and does not remove the existing obligation to transmit the statements in physical format.
NoticeTranslated to EnglishFrenchReporting requirements
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