Regulatory Alerts2023-08-24
Circular No. 003-2005 on Regulatory Functions Subject to Professional Card Holding
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that specific executive, employee, and advisory roles within UMOA financial market entities must hold professional cards to operate legally. The circular explicitly lists qualifying positions across investment management, wealth management, custodian banks, collective investment schemes, and securities advisory firms for both legal and natural persons. Applications are restricted to these enumerated functions, and a single individual may hold multiple cards for compatible activities without restriction.
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