Regulatory Alerts2016-10-25
COSOB Regulations Nos. 16-03 and 16-04 on Investment Fund Management Company Organization and Professional Ethics
The Algerian Ministry of Finance approved COSOB Regulations 16-03 and 16-04, which establish mandatory organizational, technical, financial, and ethical standards for investment fund management companies. Regulation 16-03 mandates specific human resources, IT infrastructure, risk management procedures, and minimum capital requirements to ensure operational integrity. Regulation 16-04 enforces a strict code of professional ethics, requiring conflict of interest prevention, transparency, and compliance monitoring by management and employees.
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