Regulatory Alerts2012-11-27
Decree No. 2012-2945 of November 27, 2012, implementing the provisions of Article 23 of Law No. 88-92 of August 2, 1988 on investment companies and Article 22 quinquies of the Collective Investment Schemes Code
The Tunisian Head of Government, on the proposal of the Minister of Finance, issued Decree No. 2012-2945 to define and classify qualified investors under existing investment company laws. The decree establishes specific criteria for institutional, corporate, and natural person investors, including financial thresholds, sector experience, and initial subscription amounts. It further recognizes foreign-recognized investors and mandates the Minister of Finance to execute and publish the decree in the Official Journal.
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