Regulatory Alerts2025-11-30
COSOB Instruction No. 25-08 of November 30, 2025, Setting the Procedures for Authorization to Exercise the Activity of Title Safekeeping Account Management
The Algerian Commission for the Organization and Supervision of Stock Market Operations (COSOB) issued Instruction No. 25-08 to establish the specific authorization procedures for entities wishing to exercise the activity of title safekeeping account management. The instruction mandates that applicants submit detailed dossiers including engagement letters, organizational descriptions, and personal documentation for designated activity managers and staff, who must undergo specific training. It further regulates post-authorization modifications, requiring one month's prior notice for changes to operations or personnel, and officially replaces the previous 2003 instruction.
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