Regulatory Alerts2023-08-24
Instruction No. 27/2001 on Information Requirements for Market Intermediaries
The West African Monetary Union's Regional Council for Public Savings and Financial Markets issued Instruction No. 27/2001 to mandate annual, quarterly, and occasional reporting requirements for market intermediaries. The directive requires legal entity intermediaries to submit certified financial statements, internal control reports, and board minutes within specified deadlines, while natural person intermediaries must file annual activity and financial reports by 31 January. It standardizes disclosure formats, including a detailed annexed information form tracking operating income, expenses, taxes, net profit, and key activity indicators across retail and institutional client segments.
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