Regulatory Alerts2023-08-24
Instruction No. 68/CREPMF/2021 on the Standardization of Securities and Cash Accounts Opened with Approved Account Keepers on the UMOA Regional Financial Market
The Regional Council for Public Savings and Financial Markets (CREPMF) has issued Instruction No. 68/2021 to standardize the numbering nomenclature for securities and cash accounts held by approved account keepers on the UMOA regional financial market. The regulation mandates that all authorized securities and cash accounts adopt a unified seven-character coding system covering account keeper, branch, type, client category, client type, serial number, and check digit. Approved account keepers must align their operational records and BRVM trading orders with this nomenclature within one year from January 1, 2022.
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