1988-08-02
The Tunisian Parliament enacted Law No. 88-92 of August 2, 1988 to regulate investment companies by establishing fixed-capital and venture-capital categories. The legislation mandates minimum capital thresholds, defines permissible financial instruments and operational limits, and requires active management of domestic unlisted companies' equity. It further empowers the Financial Markets Council to oversee licensing, enforce disciplinary measures, and standardize reporting obligations for companies managing third-party resources.