Regulatory Alerts2023-09-12
Circular No. 002-2018 on the Online Stock Exchange in the UMOA Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates Management and Intermediation Companies, Wealth Management Companies, business brokers, authorized order collectors, and regional investors to adhere to standardized agreements governing online stock exchange operations. These legally binding templates define the contractual relationships between clients and order collectors, as well as between order collectors and management companies. All relevant market participants are required to implement these prescribed agreements without deviation.
West African Monetary Union
Regional Council for Public Savings and Financial Markets (CREPMF)
CIRCULAR No. 002-2018
RELATIVE TO THE ONLINE STOCK EXCHANGE ON THE REGIONAL FINANCIAL MARKET OF THE UMOA
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) hereby informs Management and Intermediation Companies (SGI), Wealth Management Companies (SGP), Business Brokers, any actor authorized by the Regional Council for order collection and/or transmission, and investors on the regional financial market of the UMOA that, as part of the implementation of online stock exchange activities, the provisions governing relations between the various actors are contained in the following agreements:
- Agreement linking a Client and an Order Collector;
- Agreement linking an Order Collector and a Management and Intermediation Company.
The standard templates of these agreements are presented in the annexes to this Circular. The various actors are required to comply with them.
Done in Abidjan, on December 3, 2018.
P.O. Box 187, Abidjan 01, Côte d'Ivoire | Fax: (225) 20 33 23 04 Website: http://www.crepmf.org | Email: sg@crepmf.org