Regulatory Alerts2023-10-25
COSOB Regulation No. 23-04 of October 25, 2023, Relating to the General Regulations of the Securities Exchange
The Algerian Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Regulation No. 23-04 to establish the organizational and operational framework for the Algerian Securities Exchange. The regulation defines key market participants, mandates the Stock Exchange Management Company (SGBV) to ensure market integrity, and sets strict admission criteria for capital and debt securities across various market compartments. It further outlines the procedures for listing applications, information disclosure obligations, and the specific requirements for sponsors and professional investors.
Share