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Reference Guide for Inclusive Instant Payment Scheme Rules

A comprehensive framework for developing scheme rules, offering legal, operational, and governance foundations to build secure and accessible IPS across Africa.

Version 1.0

Annex 6: Participant Compliance Reporting

3 min read1 sections429 wordsIPS Reference Guide v1.0

1. Overview

This template provides a reference structure for participants in an Instant Payment Scheme to regularly report on their compliance with scheme rules. It supports self-certification and can also be used by the Scheme Manager to consolidate monitoring results across all participants. It is adaptable to risk-based monitoring cycles (e.g., quarterly, bi-annually, annually).

Section 1: Participant Information

FieldDescription
Institution NameReporting participant’s official name
Period CoveredReporting period (e.g., Q1 2025)
Submission DateDate of report submission
Compliance Focal PersonName and contact details of responsible officer

Section 2: Compliance Summary by Domain

Participants should self-assess and report their compliance status across the following dimensions, aligned with scheme obligations. Supporting documentation should be available upon request.

Compliance AreaRelevant Rule ReferenceCompliance Status (Yes / No / Partial)Remarks / Key EvidenceRemediation Timeline (if needed)
Adherence to Technical Specifications (ISO 20022, APIs)I.3 / Technical Annex
Participation Agreement ComplianceI.1
Scheme Rules AdherenceI.1
Settlement Performance & Funding ObligationsIII.1 / III.2Include any settlement delays or breaches
SLA and Operational ReliabilityII.3Uptime %, support tickets, downtime explanations
Fraud Management and Risk ControlsV.1System alerts, fraud response logs
Customer Protection MeasuresIV.2Dispute logs, user education
Regulatory Reporting and Data Privacy ComplianceIV.3 / IV.5Internal audit, data handling policies

Section 3: Significant Events or Incidents

Participants should disclose any significant compliance incidents, breaches, or unresolved operational risks during the reporting period.

Event TypeDateDescriptionResolution StatusActions Taken / Planned
Example: SLA Breach2025-02-10Downtime exceeded 30 minsResolvedSystem patch and process update implemented
Example: Fraud Case2025-03-04APP scam incidentUnder InvestigationCustomer notified; reversal request initiated

Section 4: Declaration

*“We confirm that this compliance report accurately reflects our institution’s adherence to the Scheme Rules and that any identified deficiencies will be addressed in line with the Scheme's remediation expectations.”*

Authorized Signatory:

Name:

Position:

Signature:

Date: