The Central African Financial Market Supervisory Commission (Cosumaf) has decided to “reject several applications for approval as investment advisers and brokerage firm managers”. The commission multiplies initiatives aimed at strengthening the regulatory framework and cleaning up stock market activity and fundraising through public calls for savings in the sub-region.

The ordinary session on October 15, 2021 relating in particular to the examination of applications for authorization to carry out intermediation activities on the regional market was an opportunity for the Cosumaf college to "reject several applications for authorization in capacity of investment adviser and manager of a brokerage firm”. A decision motivated by “the lack of professional experience of the applicants, particularly in the field of market finance and corporate management”. Invoking the fight against money laundering and capital flight, the Monetary Authority had threatened to initiate administrative and legal proceedings against unauthorized companies that raise funds through trading on cryptoassets.