Instruction COSOB No. 99-03 of June 16, 1999, Regarding the Issuance of the Professional Card

Instruction COSOB No. 99-03 of June 16, 1999
Regarding the Issuance of the Professional Card.

Article 1. — This instruction aims to establish the procedures for the registration of the broker and the issuance of the professional card provided for by COSOB Regulation No. 97-02 of November 18, 1997.

Art. 2. — The application for broker registration is addressed to the Commission d’Organisation et de Surveillance des Opérations de Bourse, hereinafter referred to as the Commission, using the form attached to this instruction.

Art. 3. — The completed registration form must be signed by the manager of the Securities Market Intermediary on whose behalf the broker operates. It must be accompanied by the candidate's file, composed of the following documents:
— One (01) extract of the birth certificate,
— One (01) extract of the criminal record (No. 03), — Certified true copies of the required diplomas, — Certified true copies of certificates and attestations of training in the field of securities, — Four (04) recent passport-sized photographs.

Art. 4. — The issuance of the professional card is subject to a favorable result from a professional aptitude examination, unless a derogation is provided for by this instruction.

Art. 5. — The organization of the professional aptitude examination is entrusted to a committee designated by the President of the Commission.
The examination focuses essentially on the quotation system.

Art. 6. — The committee rules on the candidate's aptitudes and submits the examination results to the Commission.

Art. 7. — The professional card is issued by right to the manager assuming the general direction of the Securities Market Intermediary who meets the qualification conditions set forth in Article 5 of COSOB Regulation No. 96-03 of July 3, 1996.

Art. 8. — Any person, acting on behalf of a Securities Market Intermediary and having successfully undergone training in the field of securities trading and management recognized by the Commission, is exempt from the examination provided for in Article 4 above.

Art. 9. — The registration of professional card holders on the register maintained by the Stock Exchange Management Company entails the authorization to exercise the function of broker on the exchange floor.

Art. 10. — In the event of loss or theft of the professional card, the concerned Securities Market Intermediary must immediately inform the Commission.

Art. 11. — This instruction takes effect on the date of its signature.

Made in Algiers on June 16, 1999

The President
Ali BOUKRAMI

COSOB Regulation Instruction No. 99-03

BROKER REGISTRATION FORM

1- Candidate
Name First Name
Date of Birth
Address

2- Name of the Employer Intermediary
Name
Registered Office

3 - School and University Education
Description Diploma Obtained Date of Obtained
Secondary
University
Other (specify)

4- Specialized Training, Internships, and Seminars in Securities Establishment Diploma, Attestation Period Provide an overview of the nature of the teachings followed………………………………………………………………………..
............................................................................................................................................................................
............................................................................................................................................................................
...........................................................................................

5- Professional Experience
Employer Position Held Period

Made at ............. On ................. Signature of the Manager of the SMI NB: Information may be provided on a separate sheet.

COSOB Regulation Instruction No. 99-03