Regulatory Alerts2016-07-25
Executive Decree No. 16-205 of July 25, 2016, on the Establishment, Management, and Exercise of Investment Fund Management Company Activities
The Algerian Prime Minister issued Executive Decree No. 16-205 to regulate the establishment, management, and operational activities of investment fund management companies. The decree mandates that these entities be structured as share companies with a minimum capital of 10 million dinars and subjects them to authorization and ongoing supervision by the Algerian Capital Market Authority (COSOB). It further defines the scope of management mandates, conflict of interest protocols, and the procedures for license revocation and dissolution.
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