Regulatory Alerts2023-08-24
Instruction No. 66/2021
The Regional Council establishes approval conditions for Investment Companies that have not designated a Management Company, requiring a minimum initial capital of 250 million FCFA and the submission of an activity program detailing organizational structure and managerial integrity. The regulation mandates that at least two persons determine the company's activities, while close links with other entities must not impede supervisory functions. Investment Companies must promptly notify the Regional Council of management changes and provide all required information to ensure ongoing compliance.
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