Regulatory Alerts2023-09-12
Circular No. 003-2010 on Information Disclosed by Issuers on the Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) requires accredited participants and issuers on the West African Monetary Union financial market to disseminate information according to specified regulatory texts, including Articles 127, 132, 160, and 169 of the General Regulations. These disclosures must satisfy four core criteria—usability, completeness, availability, and reliability—and remain under the direct responsibility of issuers' management to ensure they are verifiable, accurate, precise, and complete. This circular consolidates existing disclosure obligations to standardize financial reporting across the regional market.
West African Monetary Union
crepmf Regional Council for Public Savings and Financial Markets
| CIRCULAR No. 003-2010 |
|---|
| ON INFORMATION DISCLOSED BY ISSUERS ON THE REGIONAL FINANCIAL MARKET |
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) reminds accredited market participants and issuers of the West African Monetary Union (UMOA) financial market that the regulatory provisions governing the dissemination of financial information on the market are contained in the following texts:
- Articles 127, 132, 160 and 169 of the General Regulations;
- Instruction No. 29/2001 regarding information to be disseminated by companies raising public funds on the UMOA financial market;
- Instruction No. II-C of the BRVM regarding information disclosure.
These disclosures must meet the following criteria:
- usability;
- completeness;
- availability;
- reliability.
As information is disseminated under the responsibility of the issuers' management, they must ensure that such information is verifiable, accurate, precise and complete.
Done in Abidjan, on April 20, 2010
The General Secretary
(Signature)
Edoh K. AMENOUNVE
Joseph ANOMA Avenue P.O. Box 1878 Abidjan 01/Côte d’Ivoire Website: http://www.crepmf.org TEL.: (225) 20 21 57 42 / 20 31 56 20 Fax: (225) 20 33 23 04 Email: sg@crepmf.org