Regulatory Alerts2005-09-24
Added · Updated
Decree No. 2005-2603 of September 24, 2005
Issued by the President of the Republic on September 24, 2005, this Decree implements Article 2 of the July 18, 2005 Seed Funds Law by defining asset composition and deployment rules for Tunisian seed funds. It mandates that at least 50% of a fund's assets be invested in equity participations or equity-linked securities of companies executing specified projects, with current account advances to these companies capped at 15% and counted toward the 50% threshold. Furthermore, it restricts exposure to any single issuer to a maximum of 15% and requires all assets to be fully deployed within four years following subscription, with unutilized funds temporarily held in securities.
More like this from CMF
We email you every new CMF publication the day it's published.