Regulatory Alerts2006-03-23
Decree No. 2006-795 of March 23, 2006 implementing the provisions of Articles 6 and 7 of Law No. 94-117 of November 14, 1994 on the reorganization of the financial market
The President of Tunisia issued Decree No. 2006-795 on March 23, 2006 to implement Articles 6 and 7 of the 1994 Financial Market Reorganization Law. The decree establishes a statutory voting rights ratio of forty percent, contingent upon no other shareholder holding a higher proportion alone or in concert. It assigns implementation responsibilities to the Minister of Finance and mandates publication in the Official Journal of the Tunisian Republic.
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