Regulatory Alerts1998-08-05
Order of August 5, 1998 implementing Article 52 of Ordinance No. 96-08 regarding Collective Investment Undertakings in Securities
The Algerian Minister of Finance issued this order to establish the annual commission rate and payment procedures for Collective Investment Undertakings in Securities (OPCVM). The regulation mandates that the commission, calculated at 0.05% of the OPCVM's net assets as of December 31, must be paid by March 31 each year. The collection of these funds is executed by the Commission for the Organization and Supervision of Stock Exchange Operations.
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