WORLD TRADE
ORGANIZATIONGATS/SC/23/Suppl.2
18 November 1999
(99-5010)
Trade in Services
CÔTE D'IVOIRE
Schedule of Specific Commitments
Supplement 2
(This is authentic in French only)
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This document replaces the financial se rvices section of document GATS/SC/23.GATS/SC/23/Suppl.2
Page 2CÔTE D'IVOIRE – SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
7. FINANCIAL SERVICES
A. Insurance and insurance-related
services
(a) Life insurance
(b) Non-life insurance(1) In accordance with the provisions of the
Insurance Code of the Inter-AfricanConference on Insurance Markets (CIMA),
insurance contracts concerning persons,
property or liabilities within Côte d'Ivoiremay only be concluded with entities thathave been approved for such purpose inCôte d'Ivoire.
(2) Unbound
(3) The insurance activities of a foreign
enterprise may only be exercised by anauthorized subsidiary or branch.
Authorization is conditional upon good
repute, qualification, financial guaranteesand an economic needs test.
(4) Unbound except for personnel employed by
insurance companies.(1) None
(2) Unbound
(3) None
(4) According to the provisions of the
CIMA Insurance Code, the general
agent of a branch office of a foreign
insurance company must be domiciledand have resided in Côte d'Ivoire forsix months.GATS/SC/23/Suppl.2
Page 3Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
(c) Reinsurance and retrocession
(d) Insurance intermediation:
- brokerage and agency(1) Unbound for mandatory cessions.
(2) Unbound for mandatory cessions.
(3) Unbound for mandatory cessions.(4) Unbound
(1) - Brokers are required to obtain
authorization from the Ministry incharge of the insurance sector to managerisks of any kind situated within Côte
d'Ivoire and to justify a permanent
presence in Côte d'Ivoire.
- Agents are required to obtain an agency
contract from an authorized insurancecompany, to justify a permanent
presence in Côte d'Ivoire and to obtain a
professional card from the Ministry incharge of the insurance sector.
(2) Unbound
(3) - For brokers, authorization is conditional
upon good repute, qualification andfinancial guarantees.
- For agents, the delivery of a
professional card is conditional upon
good repute and capacity.
(4) Unbound(1) Unbound for mandatory cessions.
(2) Unbound  for mandatory cessions.
(3) Unbound for mandatory cessions.(4) Unbound
(1) None
(2) Unbound
(3) None
(4) UnboundGATS/SC/23/Suppl.2
Page 4Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
B. Banking and other financial
services (excluding insurance)
(a) Acceptance of deposits and
other repayable funds from thepublic(1) None
(2) Deposits abroad (countries outside the franc
zone) require prior authorization by the
Ministry of Finance, except in the case of
deposits by banks and financialinstitutions, which are subject to control bythe Central Bank of West African States.
(3) Authorization to exercise a banking activity
is issued in the form of an order by theMinistry of Finance with the assent of theBanking Commission.
The authorization is conditional upon:
- Good repute;
- experience of the persons called upon to
administer or manage the bank or thefinancial institution and its agencies;
- financial guarantees by shareholders and
the company's ability to achieve itsdevelopment objectives in conditionsconsistent with the proper functioning of
the banking system and adequate
customer safety.
Banks must be set up as closed-end joint
stock companies with their Head Office inCôte d'Ivoire.(1) None
(2) None
(3) NoneGATS/SC/23/Suppl.2
Page 5Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
Open-end cooperative or mutual companies
may also take deposits subject to
authorization by the Ministry of Financewith the assent of the BankingCommission.  Authorization is conditionalupon good repute, qualification and
financial guarantees
.
(4) A person may only administer or manage a
bank or financial institution or an agencythereof, if he is a national of a membercountry of the West African MonetaryUnion;  or, under an establishment
agreement, he is assimilated to such
nationals.  The Ministry of Finance, withthe assent of the Banking Commission, maygrant individual exemptions.
Physical persons may not accept deposits
from the public.(4) None
(b) Lending of all types,
including consumer credit,
mortgage credit, factoring
and financing ofcommercial transactions(1) Unbound
(2) Unbound
(3) Credit operations of any type may only be
carried out by authorized banks andfinancial institutions or by mutual savingsand loans institutions.  Authorization for
such activities is granted through an order
from the Ministry of Finance with theassent of the Banking Commission.
The authorization is conditional upon:
- Good repute;(1) Unbound
(2) Unbound
(3) NoneGATS/SC/23/Suppl.2
Page 6Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
- experience of the persons called upon
to, administer or manage the bank or
the financial institution and itsagencies;
- financial guarantees by shareholders
and the company's ability to achieve itsdevelopment objectives in conditionsconsistent with the proper functioning
of the banking system and adequate
customer safety.
Banks must be set up as closed-end joint
stock companies with their Head Office in
Côte d'Ivoire.
(4) A person may only administer or manage
a bank or financial institution or an agencythereof, if he is a national of a membercountry of the West African Monetary
Union;  or, under an establishment
agreement, he is assimilated to suchnationals.  The Ministry of Finance, withthe assent of the Banking Commission,may grant individual exemptions.(4) Unbound
(c) All payment and money
transmission services,including credit, chargeand debit cards, travellerscheques and bankers drafts(1) Unbound
(2) Unbound(3) The exercise of these activities resides
with the Postal Administration and the
banking institutions.  The latter mustobtain, in addition to the bankingauthorization, an authorization to act as anintermediary entitled to make settlementsabroad, granted by the Ministry of
Finance.(1) Unbound
(2) Unbound(3) NoneGATS/SC/23/Suppl.2
Page 7Modes of supply:        (1)    Cross-border supply     (2)    Co nsumption abroad       (3)    Commercial presence      (4)    P resence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
In addition, a specific authorization from
the Minister is required for issuing credit
cards.
The authorization is conditional upon:- Good repute;
- experience of the persons called upon
to, administer or manage the bank orthe financial institution and itsagencies;
- financial guarantees by shareholders
and the company's ability to achieve its
development objectives in conditionsconsistent with the proper functioningof the banking system and adequatecustomer safety.
Banks must be set up as closed-end joint
stock companies with their Head Office inCôte d'Ivoire.
(4) Unbound (4) Unbound
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