Circular No. 003-2005 on Regulatory Functions Subject to Professional Card Holding

Regional Council for Public Savings and Financial Markets West African Monetary Union

CIRCULAR NO. 003-2005
REGARDING REGULATORY FUNCTIONS SUBJECT TO PROFESSIONAL CARD HOLDING

The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) wishes to inform approved structures and market participants in the WAMU regional financial market that, in accordance with current regulations, the following functions are subject to holding professional cards:

1 EXECUTIVES

• President & Chief Executive Officer
• Managing Director Administrator
• General Administrator
• Deputy General Manager
• General Manager
• Director

2 EMPLOYEES

2.1 Investment and Intermediation Management Company (IMC):

• Internal Controller,
• Trader / Clearing Agent,
• Account Keeper / Custodian,
• Advisor (responsible for client relations, issuer relations, or any person related to clients).

2.2 Wealth Management Company:

• Internal Controller,

• Portfolio Manager,

• Advisor (responsible for client relations, issuer relations, or any person related to clients).

Custodian/Account-Keeping Bank

• Internal Controller,
• Account Keeper / Custodian,
• Advisor (responsible for client relations, issuer relations, or any person related to clients).

Collective Investment Scheme in Securities Management Company (CIMC):

• Internal Controller,
• Portfolio Manager,
• Advisor (responsible for client relations, issuer relations, or any person related to clients).

Securities Business Introducer, Broker, and Securities Investment Advisory Company (Legal Entity):

• Advisor (responsible for client relations, issuer relations, or any person related to clients).

3 Securities Business Introducer, Broker, and Securities Investment Advisory Company (Natural Person):

• License Holder.

Professional card applications must cover only the aforementioned functions.

Furthermore, a single individual may hold professional cards for multiple activities provided they are not incompatible.

Done in Abidjan, on August 1, 2005

The General Secretary
Edoh Kossi AMENOUNVE

2
01 B.P. 1878 Abidjan 01/Côte d’Ivoire – Avenue Joseph ANOMA TEL.: (225) 20215742/20215768/20315620 Fax: 20332304 Email:sg@crepmf.org/ Website : http://www.crepmf.org