Regulatory Alerts2017-12-06
Government Decree No. 2017-1332 of December 6, 2017
The Tunisian Prime Minister, on the proposal of the Ministry of Finance, issued Government Decree No. 2017-1332 to establish approval conditions for the creation, management, and early liquidation of sukuk common funds. The decree mandates that the Financial Market Council grant approvals, defines the custodian's organizational and operational independence, and outlines strict custody, reporting, and control obligations for fund managers. It further regulates public offerings by requiring approved prospectuses, specifies early liquidation procedures including asset evaluation and periodic reporting, and assigns execution responsibilities to the Finance Minister and Financial Market Council President.
Share