Regulatory Alerts2007-01-05
Regulation of the Financial Markets Council on Common Debt Funds and Their Management Companies
The Tunisian Financial Markets Council issued this regulation to establish comprehensive operational, organizational, and conduct standards for common debt funds (FCC) and their management companies. It mandates strict capital, governance, and internal control requirements for management firms while detailing approval procedures, public offering prospectus rules, and mandatory semi-annual and annual reporting obligations. Furthermore, the regulation enforces conflict-of-interest prevention, transparent remuneration, and continuous supervisory oversight to protect shareholders' interests and ensure market stability.
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