Regulatory Alerts1996-06-22
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COSOB Regulation No. 96-02 of June 22, 1996, on Information to be Published by Companies and Bodies Making a Public Offering of Securities
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Regulation No. 96-02 to define the disclosure requirements for entities conducting public offerings of securities in Algeria. The regulation mandates the preparation, COSOB visa approval, and public distribution of an information notice and a prospectus containing accurate financial and operational data. It establishes strict timelines for submission, conditions for visa refusal or modification, and penalties for non-compliance to ensure investor protection.
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