The Financial Markets Authority of the West African Monetary Union (french: Autorité des Marchés Financiers de l'Union Monétaire Ouest Africaine, AMF-UMOA) is a

supranational Supranational or supra-national may refer to: * Supranational union, a type of multinational political union * Supranational law, a form of international law * Supranational legislature, a form of international legislature * Supranational curre ...

markets regulator established in 1996 and based in

Abidjan Abidjan ( , ; N'Ko script, N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the Demographics of Ivory Coast, 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, ...

Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...

. It is the single securities authority for the eight countries of the

West African Monetary Union The Economic Community of West African States (ECOWAS; also known as in French and Portuguese) is a regional political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of , and in ...

(French acronym UMOA), namely

Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north ...

Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the ...

Guinea Bissau Guinea-Bissau ( ; pt, Guiné-Bissau; ff, italic=no, 𞤘𞤭𞤲𞤫 𞤄𞤭𞤧𞤢𞥄𞤱𞤮, Gine-Bisaawo, script=Adlm; Mandinka: ''Gine-Bisawo''), officially the Republic of Guinea-Bissau ( pt, República da Guiné-Bissau, links=no ) ...

Mali Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Mali ...

Niger ) , official_languages = , languages_type = National languagesSenegal Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 � ...

, and

Togo Togo (), officially the Togolese Republic (french: République togolaise), is a country in West Africa. It is bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its c ...

. It was known from 1996 to 2020 as the Regional Council for Public Savings and Financial Markets (french: Conseil Régional de l'Epargne Publique et des Marchés Financiers, CREPMF).

Overview

The creation of a supranational securities authority followed the integration of

bank supervision Bank regulation is a form of government regulation which subjects banks to certain requirements, restrictions and guidelines, designed to create Transparency (market), market transparency between banking institutions and the individuals and corp ...

with the establishment in 1990 of the

Banking Commission of the West African Monetary Union The Banking Commission of the West African Monetary Union (french: Commission Bancaire de l'Union Monétaire Ouest Africaine, CB-UMOA) is a supranational bank supervisor established in 1990 and based in Abidjan, Ivory Coast. It is institutionall ...

. On , an agreement was signed by the Council of Ministers of the West African Monetary Union that established the CREPMF as a body responsible for the protection of household savings invested in securities or any other type of investment through public offerings. Simultaneously, the member countries established a regional stock exchange (french: Bourse Régionale des Valeurs Mobilières, BRVM) and a Central Depository/ Settlement Bank (french: Dépositaire Central / Banque de Règlement, DC/BR). The first members of the CREPMF were appointed in October 1997, and its General Regulation (french: règlement général) was adopted on . The CREPMF authorized the BRVM and DC/BR the next day, and they started operations on . On , nearly a quarter-century after the CREPFM's establishment, it was rebranded AMF-UMOA, aligning its name with that of the French securities authority, the Autorité des Marchés Financiers. This rebranding did not entail a change in the authority's mandate.

Leadership

* Mamadou Ndiaye, chairman of CREPMF 2017-2021 * Badanam Patoki, chairman of AMF-UMOA 2021-

References

Economic Community of West African States International organizations based in Africa Organizations based in Abidjan {{Africa-stub

Overview

Leadership

See also

References