Regulatory Alerts2024-01-01
Instruction No. 24-06 on the Procedures for COSOB's Supervision of Investment Capital Companies
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Instruction No. 24-06 to establish the specific procedures for supervising investment capital companies in Algeria. The regulation mandates strict adherence to authorization conditions, detailed reporting timelines for annual and semi-annual financial documents, and the implementation of robust internal control mechanisms including designated officers and regular audits. It further requires immediate notification of significant corporate changes or legal actions and supersedes the previous 2014 instruction effective from its signing date.
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