Traité — Article 39 | Droitguinéen

Movement of Capital and Capital Issues Committee

For the purpose of ensuring the free flow of capital between the Member States consistent with the objectives of this Treaty, there is hereby established a Capital Issues Committee, which shall consist of representatives designated one each by the Member States and shall, subject to this Treaty, determine its own procedure.
The Member States, in designating their representatives referred to in paragraph I of this Article, shall designate persons with financial, commercial, banking or administrative experience or qualifications.
In the exercise of its functions under paragraph I of this Article, the Capital Issues Committee shall: (a) seek to achieve the mobility of capital within the Community through the interlocking of any capital markets and stock exchanges; 31 (b) ensure that stocks and shares floated in the territory of a Member State are quoted on the stock exchanges of the other Member States; (c) ensure that nationals of a Member State are given the opportunity of acquiring stocks, shares and other securities or otherwise investing in enterprises in the territories of other Member States; (d) establish a machinery for the wide dissemination in the Member States of stock exchange quotations of each Member State; (e) organise and arrange the quotation of prices, timing, volume and conditions of issue of securities of new enterprises in the Member States; (f) ensure the unimpeded flow of capital within the Community through the removal of controls on the transfer of capital among the Member States in accordance with a time-table, to be determined by the Council of Ministers; and (g) seek to harmonise the rates of interest on loans prevailing in the Member States so as to facilitate the investment of capital from a Member State in profitable enterprises elsewhere within the Community.
The capital envisaged in the provisions of this Article is that of Member States or their citizens.
With regard to capital other than that referred to in paragraph 4 of this Article, the Capital Issues Committee shall determine its movement within the Community. CHAPTER VIII INFRASTRUCTURAL LINKS IN THE FIELDS OF TRANSPORT AND COMMUNICATIONS

Movement of Capital and Capital Issues Committee

For the purpose of ensuring the free flow of capital between the Member States consistent with the objectives of this Treaty, there is hereby established a Capital Issues Committee, which shall consist of representatives designated one each by the Member States and shall, subject to this Treaty, determine its own procedure.
The Member States, in designating their representatives referred to in paragraph I of this Article, shall designate persons with financial, commercial, banking or administrative experience or qualifications.
In the exercise of its functions under paragraph I of this Article, the Capital Issues Committee shall: (a) seek to achieve the mobility of capital within the Community through the interlocking of any capital markets and stock exchanges; 31 (b) ensure that stocks and shares floated in the territory of a Member State are quoted on the stock exchanges of the other Member States; (c) ensure that nationals of a Member State are given the opportunity of acquiring stocks, shares and other securities or otherwise investing in enterprises in the territories of other Member States; (d) establish a machinery for the wide dissemination in the Member States of stock exchange quotations of each Member State; (e) organise and arrange the quotation of prices, timing, volume and conditions of issue of securities of new enterprises in the Member States; (f) ensure the unimpeded flow of capital within the Community through the removal of controls on the transfer of capital among the Member States in accordance with a time-table, to be determined by the Council of Ministers; and (g) seek to harmonise the rates of interest on loans prevailing in the Member States so as to facilitate the investment of capital from a Member State in profitable enterprises elsewhere within the Community.
The capital envisaged in the provisions of this Article is that of Member States or their citizens.
With regard to capital other than that referred to in paragraph 4 of this Article, the Capital Issues Committee shall determine its movement within the Community. CHAPTER VIII INFRASTRUCTURAL LINKS IN THE FIELDS OF TRANSPORT AND COMMUNICATIONS

Article 39 — CEDEAO Traite-1975

Article 39 — CEDEAO Traite-1975