Regulatory Alerts2007-08-11
General Decision of the Financial Markets Council No. 10 on the Conditions for Exercising Listing Sponsor Activities
The Financial Markets Council issued General Decision No. 10 to define the approval criteria and ongoing obligations for listing sponsors operating on the Tunis alternative market. The decision requires approved entities, including credit institutions and specialized firms, to maintain financial analysts, implement conflict-of-interest safeguards, and conduct rigorous due diligence to verify issuer compliance with legal and periodic reporting requirements. Additionally, listing sponsors must document their work in a ten-year register, ensure transparent remuneration, and actively assist issuers in remedying information breaches while reporting non-compliance to the Council and the Tunis Stock Exchange.
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