Regulatory Alerts2009-01-29
General Decision No. 14 of the Financial Markets Council on the Content of the Compliance Officer's Report for Stockbrokers
The Financial Markets Council issued General Decision No. 14 to standardize the content and submission of compliance officers' reports for stockbrokers in Tunisia. The decision mandates that these biannual reports follow a prescribed model detailing the firm's structure, capital, management, operational resources, and adherence to legal obligations regarding client funds, professional cards, and internal controls. Stockbrokers must submit the completed reports on paper and magnetic media to the Council within one month of each semester's end, ensuring transparent oversight of regulatory compliance and risk management.
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