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Membership to the DC/BR

Management and brokerage companies, as well as banks within the UMOA, are authorized to operate as account-keeper custodians on behalf of clients. For this purpose, they receive accreditation.

The accreditation of SGIs and account-keeper custodian banks falls under the jurisdiction of the AMF-UMOA, following the binding opinion of the DC/BR regarding the account-keeper custodian function.

Once accredited, they are admitted as members of DC/BR operations.

Market participants with an account at the DC/BR are considered members. These include:

  • Management and brokerage companies (SGIs)
  • Account-keeper custodian banks (BTCCs)
  • Issuers
  • Other entities accredited by the AMF-UMOA.

Due to their status and their role in maintaining securities accounts in the name of investors, issuers are automatically recognized as members of the DC/BR.