The Securities and Exchange Commission of Central Africa has opened a public consultation on a draft regulation that would revise the quantitative limits for private placement transactions in the Central African financial market. The proposal targets the thresholds currently set in Article 88 of the 2022 COSUMAF regulation, which governs the size and investor scope of these offerings. The consultation focuses on three existing parameters: the maximum issuance amount of XAF 20 billion, the limit of 40 qualified investors, and the minimum nominal value of a security set at XAF 50 million. It is addressed to market participants and the wider public to gather comments and proposals on those potential revisions. The consultation runs from July 7 to July 16, 2026. After the deadline, the authority will review the feedback received and publish the corresponding record of proceedings on its website.
Securities and Exchange Commission of Central Africa2026-07-07
Securities and Exchange Commission of Central Africa launches consultation on revising private placement limits
The Securities and Exchange Commission of Central Africa has launched a consultation on a draft regulation to revise the quantitative limits for private placements in the Central African financial market. The review covers the current XAF 20 billion ceiling, the 40 qualified investor cap, and the XAF 50 million nominal value threshold. The consultation closes on July 16, 2026, after which the authority will review comments and publish the record of proceedings.