Regulatory Alerts2016-11-01
Regulation No. 04/CEMAC/UMAC/CM on the CEMAC Negotiable Debt Securities Market
The Bank of Central African States (BEAC) issued Regulation No. 04/CEMAC/UMAC/CM to establish a unified book-entry regime for negotiable debt securities (NDS) across the CEMAC region. The regulation defines eligible issuers, issuance conditions, information and custody obligations, and market circulation rules to diversify financing channels and enhance capital mobility. It mandates BEAC supervision, requires issuers to maintain updated financial documentation and ratings, and grants the central depository authority to ensure market transparency and enforce compliance.
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