Regulatory Alerts2023-08-24
Instruction No. 54/CREPMF/2017 (Revised) on Billing, Payment, and Collection of Fees, Charges, and Commissions Collected by the Regional Council for Public Savings and Financial Markets
The Regional Council for Public Savings and Financial Markets (CREPMF) of the West African Monetary Union issues this revised instruction to standardize the billing, payment, and collection procedures for its regulatory fees, charges, and commissions. It establishes a flat annual fee for market participants, applies a 12.5% supervisory fee on service revenues collected by the BRVM and Central Depository/Settlement Bank, and imposes a 5% additional fee on revenue generated outside delegated services. The directive also fixes asset-based commissions at 0.1‰ annually, assigns collection duties to intermediaries, and enforces a 1% daily late-payment surcharge capped at 90 days before triggering monetary sanctions.
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