Regional Council for Public Savings and Financial Markets (CREPMF)
Created on July 3, 1996, upon a decision by the WAMU Council of Ministers in the framework of the setting up of WAMU’s regional financial market, the Regional Council for Public Savings and Financial Markets (CREPMF) is the West African community organism responsible for the protection of household savings invested in securities or any other type of investment through public offerings.
Thus, all issues of public securities through public offerings or syndication are subject to CREPMF regulations. In order to fulfil its mandate, the Council has set up the following two poles:
- a private pole comprising the regional stock exchange (Bourse Régionale des Valeurs Mobilières – BRVM), the Central Depository/ Settlement Bank (DCBR) and commercial stakeholders;
- a public pole, the CREPMF, which guarantees the security and integrity of the market.
The missions of the CREPMF are:
- to regulate and authorize public offerings by delivering its stamp of approval;
- to monitor all private organizations on the market. For this purpose, it certifies all commercial stakeholders: brokerage firms, fund managers, and individual entities (intermediaries and soliciting dealers).