Regulatory Alerts2000-06-28
DECISION CM N° 2/06/2000
The Council of Ministers of the West African Monetary Union (UMOA) has issued Decision CM No. 2/06/2000 to establish the identification criteria for private placement bond issues traded on the UMOA regional financial market. The decision classifies as private placement all bonds that do not satisfy the Regional Council's General Regulations regarding public offerings. Furthermore, it mandates prior registration with the Regional Council for all such private placement bond issuances and establishes that the decision becomes effective upon its signature date.
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