Regulatory Alerts2023-09-12
Circular No. 001-2016 on Procedures for Referring Matters to the Regional Council by Central Structures on the UMOA Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) issues Circular No. 001-2016 to standardize the procedures by which central structures refer matters to the Regional Council on the UMOA Regional Financial Market. The directive mandates that all referrals for opinion or approval must follow a favorable Board of Directors vote and explicitly covers authorization applications, general rule approvals, fee schedules, new market openings, and new financial product trading at the Regional Stock Exchange for Securities. By defining these precise submission pathways, the circular ensures that critical decisions by central structures remain valid under UMOA financial market regulations.
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