Regulatory Alerts2022-09-13
Decision No. CM/13/09/2022 Approving the Consolidated Revised UMOA Treaty Following the CREPMF Name Change
The UMOA Council of Ministers issued Decision No. CM/13/09/2022 to formally approve the consolidated version of its revised treaty following the renaming of the Regional Council for Public Savings and Financial Markets (CREPMF) to the Financial Markets Authority. The decision mandates that the amended treaty enters into force on 1 October 2022 and takes effect upon signature, thereby updating all institutional nomenclature, governance structures, and regulatory frameworks to reflect the authority's new designation. It simultaneously confirms the continued legal validity of existing UMOA monetary, banking, and financial provisions while streamlining references to the renamed body across all treaty articles.
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