Regulatory Alerts2000-06-11
Instruction COSOB No. 2000-01 of June 11, 2000, Establishing Prudential Management Rules for Stock Exchange Intermediaries
The Algerian Stock Market Supervisory Authority (COSOB) issued Instruction No. 2000-01 to establish prudential management rules for Stock Exchange Intermediaries (IOBs). The regulation mandates that IOBs maintain permanent risk coverage, risk diversification, and asset segregation ratios, with specific limits on net own funds relative to total balance sheet items and exposure to single issuers or clients. IOBs are required to implement compliant accounting systems, submit monthly reporting statements, and immediately notify COSOB of any prudential rule breaches.
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