Regulatory Alerts2015-09-11
BCEAO Instruction No. 012-09-2015 to Account-Keeping Intermediaries on the Registration and Circulation of Treasury Bonds and Obligations Issued via Auction with the Assistance of UMOA-Titres Agency
The Central Bank of West African States (BCEAO) issues this instruction to establish the prudential, accounting, and operational rules that account-keeping intermediaries must follow for the registration and circulation of Treasury bonds and obligations issued via auction in the UEMOA region. It mandates strict segregation of proprietary and client securities, defines off-balance sheet and auxiliary accounting frameworks, and standardizes transaction processing through the SAGETIL-UMOA automated system. The directive further regulates account maintenance fees, imposes mandatory reporting and audit rights for the BCEAO and CREPMF, and supersedes all prior conflicting provisions upon its signature.
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