Regulatory Alerts2021-12-30
Circular to Approved Intermediaries No. 2021-09 of December 30, 2021
The Central Bank of Tunisia issued Circular No. 2021-09 to establish authorization conditions for residents subscribing in foreign currency to assets of fund-of-funds and specialized investment funds. The circular mandates that applicants submit Form No. 2 through an approved intermediary, accompanied by specific information sheets, sworn declarations, tax returns, financial statements, legal files, and fund approval documents. It further specifies that proceeds may be repatriated in dinars or retained in foreign currency through designated professional, Startup, or resident accounts, while exempting certain state and financial entities from preliminary documentation requirements.
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