Regulatory Alerts2016-11-01
Specifications for Treasury Securities Specialists
Issued by the Minister in charge of Finance pursuant to CEMAC Regulation No. 03/08, these Specifications establish the mandatory operational framework for Treasury Securities Specialists (SVTs) within the Central African Economic and Monetary Community. The document restricts SVT status to authorized credit institutions meeting strict financial and structural criteria, granting them exclusive auction participation rights while imposing binding obligations to submit competitive bids, maintain secondary market liquidity, and adhere to transparent pricing and ethical standards. Ongoing compliance is enforced through quarterly statistical reporting, continuous oversight by the BEAC and COBAC, and escalating sanctions ranging from formal warnings to immediate approval revocation for regulatory breaches or settlement defaults.