Regulatory Alerts2011-12-13
Decision No. CM/13/12/2011 Fixing the Tariffs of the Regional Council for Public Savings and Financial Markets
The West African Monetary Union Council of Ministers issued Decision No. CM/13/12/2011 to establish fixed tariffs, commissions, fees, and annual charges for the Regional Council for Public Savings and Financial Markets. The decision prescribes tiered per-mille rates for public offerings and private placements of debt, sovereign, and equity securities, alongside fixed authorization fees and recurring charges for market participants including stock exchanges, central depositories, rating agencies, and investment funds. Effective 1 January 2012, it repeals prior contrary provisions, empowers the Regional Council to set payment deadlines and collection procedures, and allows tariff revisions aligned with resource evolution.
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