Executive Decree No. 94-176 of 3 Moharram 1415

corresponding to June 13, 1994

implementing Article 61 of Legislative Decree No. 93-10 of May 23, 1993

relating to the securities exchange.

The Head of Government;

Having seen the Constitution, particularly its Articles 81-4 and 116 (paragraph 2);

Having seen the platform establishing national consensus on the transitional period;

Having seen Ordinance No. 66-156 of June 8, 1966, as amended and supplemented, establishing the Penal Code;

Having seen Ordinance No. 75-58 of September 26, 1975, as amended and supplemented, establishing the Civil Code;

Having seen Ordinance No. 75-59 of September 26, 1975, as amended and supplemented, establishing the Commercial Code;

Having seen Law No. 80-07 of August 9, 1980, relating to insurance;

Having seen Law No. 88-03 of January 12, 1988, relating to participation funds;

Having seen Law No. 90-10 of April 14, 1990, relating to currency and credit;

Having seen Legislative Decree No. 93-10 of May 23, 1993, relating to the securities exchange;

Having seen Presidential Decree No. 94-92 of 30 Chaoual 1414 corresponding to April 11, 1994, appointing the Head of Government;

Having seen Presidential Decree No. 94-93 of 4 Daou El Kaada 1414 corresponding to April 15, 1994, appointing the members of the Government;

Decrees:

Article 1. — In application of Article 61 of Legislative Decree No. 93-10 of May 23, 1993, cited above, the purpose of this decree is to define the categories of legal entities that may be approved, on a temporary basis, by the Commission for the Organization and Supervision of Stock Exchange Operations as stock exchange intermediaries.

Art. 2. — The following may be approved, on a temporary basis, by the Commission for the Organization and Supervision of Stock Exchange Operations, as stock exchange intermediaries: banks, financial institutions, and insurance companies, regularly established in Algeria, as well as participation funds.

Art. 3. — This decree shall be published in the Official Journal of the People's Democratic Republic of Algeria.

Done in Algiers, on 3 Moharram 1415 corresponding to June 13, 1994.

Mokdad SIFI

Regulation COSOB Executive Decree No. 94-176