Decree No. 2006-795 of March 23, 2006 implementing the provisions of Articles 6 and 7 of Law No. 94-117 of November 14, 1994 on the reorganization of the financial market

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Decree No. 2006-795 of March 23, 2006 implementing the provisions of Articles 6 and 7 of Law No. 94-117 of November 14, 1994, on the reorganization of the financial market The President of the Republic, On the proposal of the Minister of Finance, Having regard to Law No. 94-117 of November 14, 1994 on the reorganization of the financial market as amended by subsequent texts and notably Law No. 2005-96 of October 18, 2005 on strengthening the security of financial relations and notably its Articles 6 and 7; Having regard to Decree No. 75-316 of May 30, 1975 establishing the powers of the Ministry of Finance; Having regard to the opinion of the Administrative Court; Decrees:
Article 1 –
The voting rights ratio, referred to in Articles 6 and 7 of the aforementioned Law No. 94-117 of November 14, 1994, is set at forty percent provided that no other shareholder holds alone or in concert a higher proportion.
Article 2 –
The Minister of Finance is responsible for the implementation of this decree, which shall be published in the Official Journal of the Tunisian Republic. Tunis, March 23, 2006 Zine El Abidine Ben Ali