L’Association des Autorités des Marchés Financiers d’Afrique de l’Ouest Authorities (AMFAO) or West Africa Securities Regulators Association (WASRA) brings together the Securities and Exchange Commission (SEC) of Ghana, the Securities and Exchange Commission (SEC) of Nigeria, and the Conseil Régional de l’Epargne Publique et des Marchés Financiers (CREPMF).
It was born following the signature of a Memoramdum, on July 8, 2015, between the three regulators of the three markets in order to find the best way to face the possible risks that could be posed by the supervision of entities and cross-border transactions in general and in particular the support and supervision of the process initiated under the auspices of the West African Capital Market Integration Council (WACMIC).
The memorandum was ratified by the signing of the Charter during the first meeting of the Executive Council of the Association, on March 4, 2016 in Abidjan.
Objectives pursued by WASRA / AMFAO
1.to promote the integration of capital markets in West Africa by establishing a base of technical cooperation on specific programs and joint projects on which members could agree;
2. to promote mutual aid between its members through the execution of requests and the sharing of information.