Regional organisation
Central African Financial Market Supervisory Commission
Overview
The Central African Financial Market Supervisory Commission (COSUMAF) is the community body, created within the Central African Monetary Union (UMAC), that regulates and supervises the CEMAC financial market. According to Wikipedia, it sits in Gabon, in Libreville, while the regional stock exchange is in Douala. It protects savings invested in securities, ensures investors are informed and oversees the orderly functioning of the market. Its supervision covers the Central African stock exchange (BVMAC), the central depository, brokerage firms, banks providing regulated services, financial investment advisers and collective investment schemes. A company considering issuing securities or listing, or a portfolio investor, is therefore subject to its rules. It has warned about online identity theft using its name.
Services
- Authorisation and approval of public offerings
- Licensing and supervision of market intermediaries and collective investment schemes
- Investor information and protection
- Public consultations on market regulation
Procedures handled
No published procedure mentions this institution yet.
Sources
4 sources cited
Information based on the following documents.
