Regulatory Alerts2018-12-26
Central Bank of Tunisia Circular to Approved Intermediaries No. 2018-14 dated December 26, 2018
The Central Bank of Tunisia issued Circular No. 2018-14 to standardize foreign currency investment procedures for non-residents, mandating digital declaration via a dedicated platform and specifying financing methods, capital conversion rules, and transfer mechanisms for revenues and liquidation proceeds. The circular requires approved intermediaries to validate investment forms within one month, submit quarterly transfer statements through the Data Exchange System, and retain documentation for regulatory oversight. It establishes a six-month transitional period allowing paper submissions before making platform-based declarations mandatory, while simultaneously repealing the prior 1993 circular on profit and fee distributions.
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