Regulatory Alerts2023-08-24
Circular No. 001-2005 on the Content of the Issuance Report for Securities on the Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that Management and Intermediation Companies (SGI) and issuers submit a standardized issuance report to the Regional Council within eight business days of fixing the value date. This report must include a primary characteristics table, a definitive amortization schedule for bond loans, and detailed subscription distribution tables segmented by underwriting syndicate member, subscriber type, country of subscription, country of residence, and socio-professional category. The prescribed template ensures consistent disclosure of offering terms, subscription volumes, and financial allocations across the West African Monetary Union's regional financial market.