Regulatory Alerts2001-09-25
Decree No. 2001-2278 of September 25, 2001 Implementing Articles 15, 29, 35, 36 and 37 of the Collective Investment Undertakings Code Promulgated by Law No. 2001-83 of July 24, 2001
Issued by the President of the Republic on the proposal of the Minister of Finance, this decree implements key provisions of the Collective Investment Undertakings Code by mandating precise asset allocation ratios, issuance thresholds, and operational compliance timelines for securities collective investment undertakings and debt funds. It requires that 80% of fund assets be held in securities, establishes a fifty million dinar limit for new share issuance, and defines specific rules for short-term holdings, securities lending, and capital guarantee exemptions. The decree assigns implementation responsibilities to the Central Bank of Tunisia, the Financial Market Council, and the Minister of Finance, with final publication mandated in the Official Journal.