Regulatory Alerts2023-09-12
Circulation No. 15/CREPMF/2022 on Risk Management for Collective Investment Undertakings
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates approved Collective Investment Undertakings and their Management Companies in the West African Monetary Union to implement, monitor, and report robust risk management policies. It requires these entities to establish documented internal limits, conduct periodic stress testing and back-testing, calculate leverage using gross or commitment methods, and submit annual derivative reports to the Regional Council. The rules take effect upon publication and apply consistently over time to ensure CIUs maintain liquidity, manage counterparty and market risks, and protect unitholders' interests.
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