Regulatory Alerts2023-08-24
Instruction No. 48/2012 on the Fractioning of Securities of Companies Listed on the Regional Stock Exchange for Securities (BRVM) of UEMOA
The Regional Council for Public Savings and Financial Markets (CREPMF) has issued Instruction No. 48/2012 to exempt companies listed on the West African Economic and Monetary Union's Regional Stock Exchange (BRVM) from the statutory minimum nominal share value of 10,000 CFA francs. This exemption eliminates the differentiated treatment previously applied to listed companies under Articles 387 and 750 of the OHADA Uniform Act on Commercial Companies. The Instruction takes effect upon signature and is published in the Official Bulletin of the Stock Exchange to standardize securities fractioning for all BRVM-listed entities.
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