SECTION 85

Where a company whose headquarters is located in a State party makes a public offering in another State party, one or several credit institutions in that other State party shall guarantee the successful completion of the operation if the total amount of the offer exceeds fifty million (50,000,000) CFA Francs. Such company shall, in all cases, resort in that other State party to one or several financial intermediaries to guarantee the financial service of the operation. The company shall designate, if the total amount of the transaction exceeds fifty million (50,000,000) CFA Francs, one or several auditors, from the list of auditors of that other State party, to verify the financial statements. The auditor (s) shall sign the disclosure document referred to in article 86 hereafter, as amended or supplemented, if applicable, in accordance with the provisions of article 90 hereafter.