Regulatory Alerts2009-04-07
Decision of the Minister of Finance dated January 31, 2002 Approving the Capital Market Authority Regulation on Debt Mutual Funds and Their Management Companies
The Tunisian Minister of Finance, acting on the Capital Market Authority's proposal, issued this regulation to approve and standardize the operational framework for debt mutual funds and their management companies. It mandates strict licensing criteria, organizational independence, conflict-of-interest safeguards, and comprehensive reporting obligations for management companies, while establishing detailed procedures for fund formation, share issuance, public advertising, and liquidation. Furthermore, it defines the custodian's independent role in asset safekeeping, decision supervision, and regulatory compliance to ensure market transparency and investor protection.
Share