Regulatory Alerts2003-01-01
Order Approving COSOB Regulation No. 03-01 on the General Regulations of the Central Securities Depository
The Algerian Minister of Finance approved COSOB Regulation No. 03-01, which establishes the general regulatory framework for the Central Securities Depository (CSD). The regulation defines the rights and obligations of CSD members, the procedures for title admission and conservation, and the operational rules for the settlement and delivery system. It mandates the separation of assets, the management of nominal and bearer accounts, and the automated matching and clearing of securities transactions.
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