Regulatory Alerts1994-01-01
Executive Decree No. 94-175 of June 13, 1994, implementing Articles 21, 22, and 29 of Legislative Decree No. 93-10 of May 23, 1993, relating to the securities exchange
The Algerian Government issued Executive Decree No. 94-175 to establish the statutory framework and appointment conditions for the President and members of the Organization and Surveillance Commission for Stock Exchange Operations (COSOB). The decree mandates that the COSOB President serves a four-year term, holds a senior state function, and receives remuneration determined by COSOB regulations in accordance with Legislative Decree No. 93-10. It further specifies that commission members are appointed by the Minister of Finance and outlines the limited grounds for early termination of their mandates.
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