Regulatory Alerts2025-01-31
Circular No. 2025-03 of the Central Bank of Tunisia dated January 31, 2025
The Central Bank of Tunisia issued Circular No. 2025-03 to establish the mandatory operating framework for the Unique Electronic Cheque Platform, requiring all banks and the National Office of Posts to integrate and use the system for cheque reservations and account verifications. The regulation defines strict technical, security, and continuity obligations for the platform manager and member institutions, including 24/7 service availability, exhaustive data archiving for ten years, and real-time notification protocols for fund reservations and rejections. It further outlines the Central Bank's supervisory and enforcement powers, establishes an arbitration committee for stakeholder disputes, and mandates compliance with updated commercial code provisions regarding cheque issuance and non-member institution liabilities.