Regulatory Alerts2023-08-24
Circulation No. 01/2010 on the Standardization of Fee Schedules for Commercial Participants in the Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that commercial participants in the UMOA regional financial market—including Management and Intermediation Companies, Account-Keeping/Conservation Banks, and Collective Investment Fund Managers—standardize their fee schedules according to prescribed models. These entities must submit their newly structured fee grids, detailing commissions and client charges calculated on specified bases such as transaction amounts or portfolio values, to the Regional Council for approval within two months of the circulation's signature. The directive ensures harmonized pricing structures across primary and secondary market operations, account services, and fund management activities.