Regulatory Alerts2009-11-18
Order Approving COSOB Regulation No. 09-03 Fixing Commission Calculation Rules for the Stock Exchange Management Company
The Algerian Minister of Finance approved COSOB Regulation No. 09-03, which establishes the calculation rules for commissions charged by the Stock Exchange Management Company on securities transactions. The regulation sets specific commission rates of 0.15% for capital securities and 0.10% for debt securities, with mandatory payment by both buyers and sellers within defined monetary limits. It also imposes a 0.05% fee on admitted securities for issuers and explicitly repeals the previous 1998 regulation governing these financial operations.
Share