Regulatory Alerts2023-08-24
Instruction No. 24/99 on the Information Note for Collective Investment Funds in Securities
The West African Monetary Union's Regional Council for Public Savings and Financial Markets issued Instruction No. 24/99 to standardize the mandatory content of information notes for Collective Investment Funds in Securities (OPCVM). The regulation requires these notes to comprehensively detail the fund's structure, management framework, identification data, administrative and financial conditions, key entity contacts, and net asset value metrics. It further mandates that complete notes be publicly available prior to subscription and specifies the exact approval, publication, and periodic reporting procedures.
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