La loi portant réglementation bancaire, adoptée par le Conseil des Ministres de l' UMOA en 2007 dans le cadre de la réforme institutionnelle de l' Union et de la ^{BCEAO , was implemented in the Member States as of 1 April 2010.} Several changes have taken place since that date

The purpose of the Banking Regulation Act is to regulate the establishment, conduct of business and supervision of banks, financial institutions, payment institutions and electronic money institutions, carrying out their activities& eacute; s on the territory in the UMOA. It aims to ensure the protection of public savings and the proper functioning of the banking and financial system. One of the novelties of the new law relates to the authorization of microfinance institutions to carry out banking operations, in compliance with the limits and conditions resulting from the legislative and regulatory texts that govern them.

The BCEAO may grant to any legal person eligible for the Innovation Laboratory Financial, a temporary exemption allowing it to carry out, in a test environment, one or more banking operations, for FinTechs