Regulatory Alerts2019-08-07
Central Bank of Tunisia Circular No. 2019-05 on Special Accounts for Legislative Electoral Campaigns
The Central Bank of Tunisia Circular No. 2019-05, issued to banks and the National Post Office, mandates the opening of a single special account for each candidate list in legislative elections. It details the procedures for opening these accounts, the required documentation, the exclusive funding sources (including specific rules for Dinar and convertible Dinar accounts for overseas electoral districts), and strict prohibitions on certain transfers and overdrafts. The circular also outlines requirements for account management, reporting to the Central Bank, appointing a dedicated correspondent, and retaining account records for ten years.
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