Regulatory Alerts2023-08-24
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 of the UMOA issues Instruction No. 56/2018 to establish a standardized procedure for imposing monetary sanctions on market participants. This directive codifies the legal framework, referencing foundational conventions and ministerial decisions, while outlining the ethical codes governing council members and staff. It formally activates the sanctions mechanism following the Council’s 75th ordinary session, ensuring consistent enforcement across the regional financial market.
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