2023-08-24
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.
WEST AFRICAN MONETARY UNION REGIONAL COUNCIL FOR PUBLIC SAVINGS AND FINANCIAL MARKETS INSTRUCTION NO. 57/2018 ON THE ONLINE STOCK EXCHANGE OF THE UMOA REGIONAL FINANCIAL MARKET
The Regional Council for Public Savings and Financial Markets, Having regard to the Convention of 3 July 1996 establishing the Regional Council for Public Savings and Financial Markets (hereinafter "the Council") and its Annex on the composition, organization, functioning and powers of the Regional Council; Having regard to the General Regulation on the Organization, Functioning and Control of the UMOA Regional Financial Market (hereinafter "the General Regulation of the UMOA Financial Market"); Having regard to Regulation No. 9/2006/CM/UEMOA of the Council of Ministers of 29 June 2006 adopting Specific Accounting Rules applicable to approved participants in the regional financial market; Having regard to Decisions No. CM/09/09/2011 and CM/10/09/2011 of 12 September 2011 by the Council of Ministers approving the specifications for the Regional Securities Exchange and the Central Depository / Settlement Bank (hereinafter "Central Structures"); Having regard to Decision No. CM/DAC/04/04/2017 of 14 April 2017 by the UMOA Council of Ministers appointing the President of the Regional Council; Having regard to the deliberations of the Regional Council in its 31st extraordinary session on 29 November 2018; Joseph ANOMA Avenue P.O. Box 01 1878 Abidjan 01 / Côte d'Ivoire Website: http://www.crepmf.org ORDERED TEL.: (225) 20 21 57 42 / 20 31 56 20 1 Fax: (225) 20 33 23 04 Email: sg@crepmf.org