RegAlertRule · BCT · 29 Dec 2017
Central Bank of Tunisia Circular No. 2017-12 dated December 29, 2017
The Central Bank of Tunisia issued Circular No. 2017-12 to amend the regulation of banking conditions by repealing and replacing the first paragraph of Article 36 of Circular No. 91-22. The amended provision establishes a fixed annual rate of return on savings (TRE) at 5 percent for all banks. This regulatory update takes effect on January 1, 2018, following the approval of the Central Bank's Board of Directors and Compliance Control Committee.
Tunis, December 29, 2017
CIRCULAR TO BANKS NO. 2017-12
Subject: Regulation of banking conditions.
The Governor of the Central Bank of Tunisia,
Having regard to Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia and in particular Articles 8 and 63 thereof; Having regard to Law No. 2016-48 of July 11, 2016 concerning banks and financial institutions; Having regard to the Code on Financial Services for Non-Residents; Having regard to Circular No. 86-42 of December 1, 1986 concerning the regulation of banking conditions, as amended by subsequent texts and in particular Article 8 thereof; Having regard to Circular No. 91-22 of December 17, 1991 concerning the regulation of banking conditions, as amended and supplemented by subsequent texts, in particular Circular No. 2014-05 of June 27, 2014; Having regard to the resolution of the Board of Directors of the Central Bank of Tunisia dated December 27, 2017; Having regard to Opinion No. 2017-10 of the Compliance Control Committee dated December 29, 2017, as provided for by Article 42 of Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia; Decides:
Article 1: The provisions of the first paragraph of Article 36 of Circular No. 91-22 of December 17, 1991 cited above are repealed and replaced as follows:
Article 36 (new first paragraph): The rate of return on savings (TRE) is set at an annual rate of 5%.
Article 2: This circular shall enter into force as of January 1, 2018.
The Governor,
Chedly AYARI
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The links and the sentences they come from (5)
- Amends
- Circular No. 91-22 dated 1991-12-17Not in RegAlert
“Article 1: The provisions of the first paragraph of Article 36 of Circular No. 91-22 of December 17, 1991 cited above are repealed and replaced as follows:”
- Issued under
“Having regard to Law No. 2016-48 of July 11, 2016 concerning banks and financial institutions;”
“Having regard to Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia and in particular Articles 8 and 63 thereof;”
- Circular No. 86-42 of December 1, 1986 concerning the regulation of banking conditionsNot in RegAlert
“Having regard to Circular No. 86-42 of December 1, 1986 concerning the regulation of banking conditions, as amended by subsequent texts and in particular Article 8 thereof;”
- Resolution dated 2017-12-27Not in RegAlert
“Having regard to the resolution of the Board of Directors of the Central Bank of Tunisia dated December 27, 2017;”
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Source: Banque Centrale de Tunisie — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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