Regulatory Alerts2023-08-24
Instruction No. 15/98 on the Cancellation of the Stock Exchange Transaction Levy
The Regional Council for Public Savings and Financial Markets of the West African Monetary Union has issued Instruction No. 15/98 to abolish the existing stock exchange transaction levies, specifically eliminating the 3‰ charge on capital and private bonds alongside the 2‰ charge on state and community bonds. This directive formally repeals all prior contrary provisions, including the previously applicable Instruction No. 9/98. The measure takes immediate effect upon publication and applies to all relevant securities traded within the regional financial market.
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