Regulatory Alerts2008-12-27
Order of 27 December 2008 fixing the competence and professionalism criteria for the management of investment capital companies
The Algerian Minister of Finance issued this order to define the specific competence and professionalism criteria required for the management of investment capital companies. The regulation mandates that senior executives and board members hold university degrees and possess minimum professional experience ranging from five to eight years in relevant financial, economic, or legal fields. These requirements apply to individuals with the authority to commit the company to financial disbursements, risk-taking, or payment orders.
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