Central Bank of Tunisia Circular No. 2020-20 of November 17, 2020

1 CIRCULAR OF THE CENTRAL BANK OF TUNISIA No. 2020-20 of November 17, 2020 OBJECT: Codification and admission of certificates of deposit and treasury bills with the central securities depository. The Governor of the Central Bank of Tunisia, Having regard to Law No. 2000-35 of March 21, 2000 on the dematerialization of securities, Having regard to Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia, Having regard to Law No. 2016-48 of July 11, 2016 on banks and financial institutions, Having regard to Decree No. 2001-2728 of November 20, 2001 on the conditions for registration of securities and approved intermediaries for maintaining securities accounts, as amended by Decree No. 2005-3144 of December 6, 2005, Having regard to the Order of the Minister of Finance dated January 12, 2016, approving the regulations of the Financial Market Council regarding the central securities depository, Having regard to Circular No. 2005-09 of July 14, 2005 to credit institutions on the organization of the money market, as amended and supplemented by subsequent texts, Having regard to Circular No. 2005-10 of July 14, 2005 to credit institutions on the maintenance and administration of certificates of deposit accounts and treasury bill accounts, Having regard to Circular No. 2018-12 of November 28, 2018 to banks on the interbank market in dinars,

2 Having regard to Opinion No. 2020-20 of the Compliance Control Committee dated November 13, 2020, as provided for in Article 42 of Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia. Decides: Article 1 - An Article 8 bis is added to Circular No. 2005-09 of July 14, 2005 to credit institutions on the organization of the money market, worded as follows:

Article 8 bis - Certificates of deposit and treasury bills must be codified and admitted to the operations of the central securities depository referred to in the Order of the Minister of Finance dated January 12, 2016, approving the regulations of the Financial Market Council regarding the central securities depository, in accordance with the applicable conditions and procedures.

Applications for codification and admission to the central securities depository must be submitted by banks and financial institutions that are issuers and/or domiciliaries of certificates of deposit and treasury bills.

Article 2 - On a transitional basis, and for certificates of deposit and treasury bills issued and not yet matured on the effective date of this circular, banks and financial institutions must take, as soon as possible, the necessary measures for their codification and admission to the central securities depository.

Article 3 - This circular takes effect as of January 4, 2021.

THE GOVERNOR, MAROUANE EL ABASSI