Top 5PriceChange
Flop 5PriceChange
BOAM2 050-6,82%
ETIT17-5,56%
ABJC1 340-4,29%
SDSC1 610-4,17%
SPHC2 360-3,67%
Market Activities
Value532 143 438 FCFA
Equities Capitalization4 736 060 410 254 FCFA
Bonds Capitalization3 591 371 297 595 FCFA
BRVM-10153,02-1,06%
BRVM-C159,04-0,84%

All

Management and Intermediation Companies (SGI, for Sociétés de Gestion et d’Intermédiation) are a category of financial institutions with express exemption from banking regulations.

SGIs are authorized exclusively to act, on behalf of third parties, as brokers and dealers for listed securities companies. They are therefore entitled to receive and to hold funds from the public in connection with this activity.

All sales of securities listed on the BRVM are carried out through a Management and Intermediation Company (SGI), except in the event where exemptions are granted by the BRVM.

SGIs are authorized to carry on the business of securities account holders. However, issuers may hold their own securities on behalf of third parties.

The minimum capital of SGIs is set by an instruction from the Regional Council and stands currently at CFA 150 million.

SGIs must be constituted legally as Limited Liability Companies.

The conditions for approval of SGIs are laid down in CREPMF’s General Rules and Regulations and under CREPMF’s Instruction 4/97 relating to Management and Intermediation Companies (SGI).

 

United Capital for Africa SA
Av. proche, rue en face de l’eglise Saint Michel allant vers Caboma, immeuble Comète lot 202 parcelle « d », Cotonou – BENIN
001 BP 8690 RP
(229) 21 31 00 21 / 61 18 18 00
(229) 21 31 00 21
www.ucasgi.com