Central Bank of Tunisia Circular No. 2017-03 dated April 26, 2017

1 Tunis, April 26, 2017 CIRCULAR TO BANKS NO. 2017-03 Subject: Regulation of banking conditions. The Governor of the Central Bank of Tunisia,

• Having regard to Law No. 2016-35 dated April 25, 2016 establishing the statutes of the Central Bank of Tunisia;
• Having regard to Law No. 2016-48 dated July 11, 2016 concerning banks and financial institutions;
• Having regard to the Code on the provision of financial services to non-residents;
• Having regard to Circular No. 86-42 dated December 1, 1986 concerning the regulation of banking conditions, as amended by subsequent texts, notably Circular No. 2008-03 dated February 4, 2008;
• Having regard to Circular No. 91-22 dated December 17, 1991 concerning the regulation of banking conditions, as amended and supplemented by subsequent texts, notably Circular to Banks No. 2014-05 dated June 27, 2014;
• Having regard to Opinion No. 03/2017 of the Control and Compliance Committee dated April 26, 2017, as provided for in Article 42 of Law No. 2016-35 dated April 25, 2016 establishing the statutes of the Central Bank of Tunisia;
• Having regard to the resolution of the Board of Directors of the Central Bank of Tunisia dated April 25, 2017. Decides: Article 1: The provisions of the first paragraph of Article 36 of Circular No. 91-22 dated December 17, 1991 cited above are repealed and replaced as follows:

2 "The Savings Remuneration Rate (SRR) is set at an annual rate of 4.0%." Article 2: This circular takes effect as of May 1, 2017. The Governor Chedly Ayari