Regulatory Alerts2023-08-24
Circular No. 003-2005 on Regulatory Functions Subject to Professional Card Holding
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that specific executive, employee, and advisory roles within West African Monetary Union (WAMU) financial market entities must hold professional cards to operate legally. The circular explicitly lists qualifying positions across investment management companies, wealth managers, custodian banks, and securities advisory firms for both legal and natural persons. Applications must strictly correspond to these designated functions, while allowing individuals to hold multiple compatible cards across different activities.
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