Regulatory Alerts2023-09-12
Circular No. 01/CREPMF/2022 on the Annulment of Circular No. 01-2018 Regarding the Procedures for the Splitting of Common Investment Funds or Their Conversion into Capital Investment Companies
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) has issued Circular No. 01/CREPMF/2022 to abrogate the December 28, 2018 Circular No. 01-2018 governing the procedures for splitting Common Investment Funds or converting them into Capital Investment Companies. This updated regulation establishes immediate effect upon publication, streamlining the regulatory framework for accredited stakeholders in the West African Monetary Union's financial market. The revised circular maintains existing operational requirements while clarifying the procedural pathways for fund restructuring and corporate conversion.
WEST AFRICAN MONETARY UNION
crepmf
REGIONAL COUNCIL FOR PUBLIC SAVINGS AND FINANCIAL MARKETS
CIRCULAR NO. 01/CREPMF/2022
ON THE ANNULMENT OF CIRCULAR NO. 01-2018 REGARDING THE PROCEDURES FOR THE SPLITTING OF COMMON INVESTMENT FUNDS OR THEIR CONVERSION INTO CAPITAL INVESTMENT COMPANIES
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) wishes to bring to the attention of accredited stakeholders in the regional financial market that this Circular abrogates Circular No. 01-2018 regarding the procedures for the splitting of Common Investment Funds or their conversion into Capital Investment Companies, dated December 28, 2018.
This Circular takes effect from the date of its publication.
Issued in Abidjan, on 03 JAN 2022
The General Secretary,
Ripert BOSSOUKPÉ
Avenue Joseph ANOMA 01 B.P. 1878 Abidjan 01/Côte d'Ivoire Website: http://www.crepmf.org
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TEL.: (225) 20 21 57 42 / 20 31 56 20 Fax: (225) 27 20 33 23 04 Email: sg@crepmf.org