Central African Financial Market Supervisory Commission

The Central African Financial Market Supervisory Commission (French: Commission de Surveillance du Marché Financier de l’Afrique Centrale, COSUMAF) is a supranational markets regulator established in 2019 and based in Libreville, Gabon. It is the single securities authority for the six countries of the Economic and Monetary Community of Central Africa (French acronym CEMAC), namely Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo.^[1]

Overview

The COSUMAF results from the merger of the national securities commissions of the six CEMAC member states in March 2019. As part of the same reform package enacted in 2018, the Central African Securities Exchange [fr] (French: Bourse des valeurs mobilières de l'Afrique centrale, BVMAC) absorbed the Douala Stock Exchange and relocated from Libreville to Douala, and the Bank of Central African States was designated as the regional central securities depository.^[2]

The COSUMAF's head office in Libreville was inaugurated on 30 March 2023.^[3]

Leadership

• Nagoum Yamassoum, Chair (French: Président) 2019-2023
• Jacqueline Adiaba [fr], Chair 2023- ^[3]

See also

• Financial Markets Authority of the West African Monetary Union (AMF-UMOA)
• European Securities and Markets Authority (ESMA)
• Regional Insurance Control Commission (CRCA)
• List of financial regulatory authorities by jurisdiction

References

1. "Commission de Surveillance du Marché Financier de l'Afrique Centrale (COSUMAF) joins SBFN". Sustainable Banking and Finance Network. 21 April 2022.
2. Acte Additional N°06/17-CEMAC-CONSUMAF-CCE-SE Portant unification du marché financier de la Communauté Economique et Monétaire de I'Afrique Centrale (CEMAC) et mesures d'accompagnement (PDF), 19 February 2018
3. Omer Mbadi (12 April 2023). "Cosumaf : le régulateur du marché financier d'Afrique centrale à l'aube d'une nouvelle ère". Jeune Afrique.