Regulatory Alerts2023-09-12
CREPMF Circular No. 13/2022 on Share and Unit Classes
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that approved Collective Investment Schemes (CIS) and CIS Management Companies in the UMOA regional financial market permanently comply with this Circular to offer multiple unit or share classes. These classes may feature distinct income distribution regimes, currencies, management fees, subscription and redemption commissions, nominal values, systematic foreign exchange hedging, or targeted distribution networks. Subscription to specific classes may be restricted to defined investor categories based on objective criteria such as minimum subscription amounts, holding periods, or other holder commitments.
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