Regulatory Alerts2023-08-24
Instruction No. 57/2018 on the Online Stock Exchange of the UMOA Regional Financial Market
The Regional Council for Public Savings and Financial Markets of the West African Monetary Union issues Instruction No. 57/2018 to formally regulate online stock exchanges operating within the UMOA regional financial market. This directive establishes operational and compliance requirements for approved market participants, central structures, and settlement banks by integrating existing accounting rules and ministerial decisions. The regulation takes effect following the Council's 31st extraordinary session deliberations on 29 November 2018, thereby standardizing digital trading frameworks across member states.
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