Regulatory Alerts2024-05-29
Instruction COSOB No. 24-05 of May 29, 2024 Defining Conditions and Procedures for Registration of Valuation Experts for Companies Seeking Admission to the Main or Growth Market
The Algerian Commission for the Organization and Supervision of Stock Market Operations (COSOB) issued Instruction No. 24-05 to establish the specific conditions and procedures for registering valuation experts for companies seeking admission to the Main or Growth market compartments. The regulation mandates that applicants must be legal entities with qualified leadership and recent valuation experience, submitting a comprehensive dossier including statutes, organizational charts, and conflict-of-interest management descriptions. This instruction supersedes Position COSOB No. 01-2013 and enters into force upon signature, with the Commission reviewing complete applications within one month.
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