Regulatory Alerts2001-11-20
Decree No. 2001-2728 of November 20, 2001, on the Conditions for Registering Securities and Approved Intermediaries Managing Securities Accounts
The President of Tunisia, acting on the Minister of Finance's proposal, issued Decree No. 2001-2728 to mandate the registration of securities in accounts and define the roles of approved intermediaries managing those accounts. The decree establishes strict requirements for account maintenance, including mandatory updates to ownership and restriction records, the use of general operations journals, and the issuance of quarterly portfolio statements by administrative intermediaries. It further clarifies that credit institutions and stock exchange intermediaries may manage accounts, subjects them to Central Bank and Financial Market Council oversight, and mandates free dematerialization of physical securities with direct holder rights.
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