Regulatory Alerts2024-02-13
Central Bank of Tunisia Circular No. 2024-5 of February 13, 2024
The Central Bank of Tunisia issued Circular No. 2024-5 to establish comprehensive licensing, governance, and risk management rules for payment and securities settlement system operators. The regulation mandates a minimum 10 million Tunisian dinar capital for joint-stock company operators, defines precise authorization procedures and timelines, and requires robust internal controls, independent directors, and clear risk management frameworks. It further standardizes outsourcing practices, multi-tier participation models, and systemically important system criteria to ensure financial stability, interoperability, and equitable market access.
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