Regulatory Alerts2024-04-01
Legislative Decree No. 93-10 of May 23, 1993, Relating to the Securities Exchange Market, as Amended and Completed
The President of the High Committee of State issued Legislative Decree No. 93-10, establishing the Securities Exchange Market in Algeria and defining its regulatory framework through the COSOB authority. The decree mandates that all securities transactions occur via licensed intermediaries and establishes a management company and a central securities depository to handle market operations and asset custody. It further details the composition, independence, and supervisory powers of the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) to ensure market integrity and transparency.
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