Regulatory Alerts2024-03-27
Instruction COSOB No. 24-02 of March 27, 2024, on the Procedures for Submitting Applications for Registration of Listed Securities Negotiators
The Algerian Commission for the Organization and Surveillance of Stock Exchange Operations (COSOB) issued Instruction No. 24-02 to establish the specific procedures for registering negotiators of listed securities. The regulation mandates that applications be submitted by Stock Exchange Intermediaries (IOBs) and requires candidates to provide personal documentation, pass preparatory training, and achieve a minimum score of 10/20 on a professional aptitude test. Furthermore, the instruction grants exemptions from these standard requirements for certain existing senior managers and explicitly repeals the previous Instruction No. 23-04.
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