Regulatory Alerts2021-06-01
Circular Letter No. 004/GR/2021 Mandating CEMAC Treasury Securities Specialists (SVT) to Apply the New Governing Code of Specifications
The Governor of the Bank of Central African States (BEAC) issued Circular Letter No. 004/GR/2021 mandating all authorized CEMAC Treasury Securities Specialists (SVT) to immediately comply with the revised Code of Specifications governing their activities. The directive enforces strict operational, financial, and reporting obligations, including minimum participation rates in primary and secondary markets, mandatory liquidity provision, and quarterly performance reporting. Non-compliance triggers penalties up to the immediate revocation of authorization, with periodic evaluations weighting primary market participation at 60% and secondary market activity at 40%.
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