CEMAC - Regulation No. 01/11-CEMAC/UMAC/CM - On the Use of Electronic Money


The CEMAC's Regulation No. 01/11 aims to ensure a harmonious development of the activity of use of electronic money in terms compatible with the security requirements with regard to means of payment and the preservation of the credibility of the financial system. The document is divided into several chapters, and covers the following topics:

1. Conditions for the Exercise of the Activity of Emission of Electronic Money
2. Scheme for the Issue of Electronic Money and its Conversion into Fiduciary or Scriptural Currency
3. Regulation, Control and Monitoring of the Activity of Emission of Electronic Money
4. Cessation of the Activity of Emission of Electronic Money

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Sunday, September 18, 2011
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