DECISION CM N°1/06/2000

WEST AFRICAN MONETARY UNION
MINISTERS COUNCIL
The President

DECISION CM N° 00.0 ON THE ESTABLISHMENT OF A COMMISSION FOR THE REGISTRATION OF BOND ISSUES BY PRIVATE PLACEMENT EMITTED ON THE REGIONAL FINANCIAL MARKET OF THE UMOA

In view of the deliberations of the Ministers Council of the West African Monetary Union in its session on June 28, 2000 in Dakar,

the President of the Ministers Council of the West African Monetary Union decides:

Article 1
The Regional Council is authorized to collect a commission for the registration of bond issues by private placement carried out on the regional financial market.

Article 2
The registration commission for bond issues by private placement is levied on the amount of mobilized capital.

Article 3
The calculation of deductions for the registration commission is performed in tranches as follows:

• 3 ‰ for issuances between 1 and 10 billion FCFA,

2.5 ‰ for issuances between 0 and 20 billion FCFA,

• 2 ‰ for issuances greater than 20 billion FCFA

• 1 ‰ for issuances less than or equal to one billion FCFA.

Article 4
This decision takes effect from the date of its signature.

Done at Dakar, on June 28, 2000.
For the Ministers Council
The President

Makhtar DIOP