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2023-08-24

Instruction No. 26/2001 on the Year-End Documents to be Transmitted by the Regional Stock Exchange and the Central Depository / Settlement Bank to the Regional Council

The Regional Council for Public Savings and Financial Markets of the West African Monetary Union mandates that the Regional Stock Exchange and the Central Depository/Settlement Bank annually submit audited financial statements, auditor reports, management reports, and general meeting minutes to the Council. These documents must be delivered within thirty days following the ordinary general meetings that approve their respective fiscal year accounts. This Instruction establishes precise submission deadlines and documentation requirements to ensure consistent regulatory oversight of the regional financial market's year-end reporting.

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

INSTRUCTION NO. 26/2001 ON THE YEAR-END DOCUMENTS TO BE TRANSMITTED BY THE REGIONAL STOCK EXCHANGE AND THE CENTRAL DEPOSITORY / SETTLEMENT BANK TO THE REGIONAL COUNCIL

Having regard to the Convention of 3 July 1996 establishing the Regional Council for Public Savings and Financial Markets, hereinafter referred to as the Regional Council; Having regard to Article 25 of the Annex to said Convention, concerning the Composition, Organization, Operation and Functions of the Regional Council; Having regard to the General Regulations on the Organization, Operation and Supervision of the Regional Financial Market of the UMOA, adopted by Decision No. 001/97 of the Council of Ministers on 28 November 1997, particularly Articles 12 to 22 thereof; Having regard to Instructions No. 2/97 and 3/97 of the Regional Council; Having regard to the deliberations of the Regional Council at its session on 27 March 2001;

THE REGIONAL COUNCIL ADOPTS:

Article 1: The Regional Stock Exchange and the Central Depository / Settlement Bank shall annually transmit to the Regional Council the following documents:

  1. the audited annual financial statements certified by statutory auditors approved by the Regional Council, including the balance sheet, income statement and annexed statements;
  2. the general report and the special report of the statutory auditors;
  3. the annual management report containing elements to assess the evolution of activities and financial position, future prospects and forecast accounts of the company;
  4. the minutes of the ordinary general meeting approving the financial statements for the fiscal year.

Article 2: The documents referred to in Article 1 must reach the Regional Council within thirty (30) days following the date of holding the ordinary general meetings of the Regional Stock Exchange and the Central Depository / Settlement Bank, which are called upon to approve their fiscal year accounts. Article 3 This Instruction shall be published. Done in Abidjan, on 27 March 2001 For the Regional Council The President Lassana M. SACKO

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