Regulatory Alerts2023-09-12
Circulaire No. 05/CREPMF/2022 on the Content of OPC Prospectuses
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) issued Circular No. 05/2022 to mandate specific content requirements for prospectuses of approved Collective Investment Undertakings (OPC) and Management Companies operating in the UMOA regional financial market. The regulation stipulates that prospectuses must include at least the data outlined in Annex 1, organized according to a prescribed order, covering fund details, management and investment company profiles, depositary information, external advisors, payment mechanisms, and historical performance. These requirements apply provided the specified information is not already contained within the OPC's regulations or constituent documents, and the circular takes effect immediately upon publication.