Regulatory Alerts1999-12-13
Decree No. 99-2773 of December 13, 1999, on the Conditions for Opening Stock Savings Accounts
Issued by the President of Tunisia on December 13, 1999, and amended through 2022, this Decree establishes the regulatory framework for Stock Savings Accounts (CEA) by mandating that natural persons allocate at least 60% of deposited funds to listed equity securities or UCITS, with unallocated balances capped at 100 dinars or 2% of assets. It requires banks and stock exchange intermediaries to formalize account management via approved agreements, enforce strict 90-day utilization deadlines for deposited funds, and issue quarterly statements while withholding withdrawals during the statutory tax-blocking period unless tax compliance is certified. Furthermore, it grants account holders unrestricted access to generated income (dividends, interest, capital gains) during the lock-up period and permits seamless account transfers between financial institutions without loss of accrued rights.