Regulatory Alerts2004-01-01
COSOB Regulation No. 04-02 of November 10, 2004, on the Conditions for Off-Exchange Trading of Listed Bonds
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Regulation No. 04-02 to define the specific conditions under which listed bonds may be traded off-exchange in Algeria. The regulation restricts such transactions to stock exchange intermediaries, banks, and financial institutions, requiring them to adhere to a minimum transaction amount and a price margin relative to the last quoted price. Furthermore, market participants and the central securities depository are mandated to publish detailed trade information, including volumes and price extremes, in the depository's bulletin to ensure market transparency.
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