Regulatory Alerts2011-12-02
Specification Sheet relating to the Maintenance and Conservation of Securities Accounts
The Financial Market Council issues this specification sheet requiring non-public companies to maintain, update, and record securities accounts by category in compliance with specified decrees. Issuers must open individual accounts for each holder, maintain a general journal and register detailing ownership transfers, rights, restrictions, and intermediary details, and issue dated, numbered certificates upon request. Furthermore, issuers are obligated to retain all supporting accounting documents for the statutory period and file a signed copy of this agreement with the Council's order desk in Tunis.
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