Instruction No. 56/2018 on the Procedure for Imposing Sanctions by the Regional Council on the UMOA Regional Financial Market

WEST AFRICAN MONETARY UNION
REGIONAL COUNCIL FOR PUBLIC SAVINGS AND FINANCIAL MARKETS

INSTRUCTION NO. 56/2018
ON THE PROCEDURE FOR IMPOSING SANCTIONS BY THE REGIONAL COUNCIL ON THE UMOA REGIONAL FINANCIAL MARKET

The Regional Council for Public Savings and Financial Markets, Having regard to the Convention of July 3, 1996 establishing the Regional Council for Public Savings and Financial Markets (hereinafter "the Council"); Having regard to the Annex to the Convention on the composition, organization, functioning and powers of the Council, particularly Articles 30 et seq. (hereinafter "the Annex to the Convention"); Having regard to General Regulation No. 001/97 of November 28, 1997 on the organization, functioning and supervision of the UMOA regional financial market; Having regard to Decision No. CM/SJ/001/03/2016 of March 24, 2016 by the UMOA Council of Ministers on implementing the monetary sanctions regime applicable to the UMOA regional financial market; Having regard to Decision No. CM/DAC/04/04/2017 of April 14, 2017 by the UMOA Council of Ministers appointing the President of the Regional Council; Having regard to the codes of ethics and conduct applicable to the President, Members of the Regional Council, Secretary General and Staff, dated respectively June 28, 2013, September 29, 2015, July 13 and December 10, 2015; Having regard to the deliberations of the Regional Council in its 75th ordinary session held on June 5, 2018;

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