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UEMOA financial market: adoption of the law on stock exchange offenses

29/02/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Tuesday, February 27, 2024, the Beninese deputies adopted at the National Assembly held at the Palace of Governors in Porto-Novo, the law relating to stock market offences on the financial market of the West African Monetary Union ( UEMOA

).

Deputy Gérard Gbénonchi indicated in the plenary file that the overall objective of this law is to make effective the repression of criminal conduct on the financial market by establishing a range of proportionate and dissuasive sanctions, all crowned by a more effective application of the rules of the financial market and the creation of a Community framework for the repression of criminal offences that may be committed there. This law is composed of six titles, including a preliminary title dealing with the terminology used in the text and 53 articles divided into seven chapters.

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