Regulatory Alerts1996-01-01
Executive Decree No. 96-474 of December 28, 1996, Fixing Minimum Capital for SICAVs and Initial Assets for FCPs
Issued by the Algerian Government under Prime Minister Ahmed Ouyahia, this decree implements Articles 8 and 23 of Ordinance No. 96-08 by establishing mandatory financial thresholds for collective investment schemes. It sets the minimum initial capital for Variable Capital Investment Companies (SICAVs) at five million Algerian dinars and the minimum initial assets for Common Investment Funds (FCPs) at one million dinars. The regulation explicitly exempts FCPs created for the benefit of employees of enterprises undergoing privatization under Ordinance No. 95-22 from these minimum requirements.
Share