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Extraordinary  procedures 

The following procedures fall under the definition of "extraordinary procedures" , pursuant to Article I.I.2 of Regulation No.2021-02 "Regulation no. 2021-02 – Regulation on extraordinary procedures of financial firms”. ", as follows:

  • Suspension of administrative bodies
  • Extraordinary administration
  • Bank resolution
  • Administrative compulsory liquidation

By Central Bank Regulation No. 2021-02, which came into force on July 16, 2021, CBSM regulated the operation of the extraordinary procedures as defined above, for those aspects not already regulated by law or those delegated by it to CBSM.