Decision CM No. 00.0 Establishing a Registration Commission for Private Placement Bond Issues on the UMOA Regional Financial Market

WEST AFRICAN MONETARY UNION

COUNCIL OF MINISTERS

The President

DECISION CM NO. 00.0 ESTABLISHING A REGISTRATION COMMISSION FOR PRIVATE PLACEMENT BOND ISSUES ON THE UMOA REGIONAL FINANCIAL MARKET

Having reviewed the deliberations of the Council of Ministers of the West African Monetary Union at its session on June 28, 2000 in Dakar,

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

Article 1

The Regional Council is authorized to collect a fee for the registration of private placement bond issues conducted on the regional financial market.

Article 2

The registration fee for private placement bond issues is levied on the amount of mobilized capital.

Article 3

The calculation of the charges for the registration fee is calculated in tiers as follows:

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

• 2.5‰ for issuances between 0 and 20 billion FCFA,

• 2‰ for issuances exceeding 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 in Dakar, on June 28, 2000.

For the Council of Ministers

The President

[Signature]

Makhtar DIOP