Instruction COSOB No. 10-01 of June 15, 2010

Regarding the documents and information that the Securities Exchange Management Company (SGBV) must transmit to the COSOB.

In accordance with the provisions of Legislative Decree No. 93-10, as amended and supplemented, particularly Article 18, the activities of the Securities Exchange Management Company are exercised under the supervision of the Commission.

In this context, the purpose of this instruction is to define the list, content, and periodicity of transmission to the Commission by the Securities Exchange Management Company of the documents and information necessary for the fulfillment of its supervisory mission.

The information required by this instruction is transmitted on paper support and/or via duly authenticated electronic support.

The information to be provided by the SGBV, mentioned in this instruction, will allow the COSOB to:

• Ensure permanent verification regarding the SGBV's compliance with the legal and regulatory obligations to which it is subject;
• Monitor risks that could hinder the functioning of the market;
• Complete and cross-reference the information received with that of other market participants;
• Feed the COSOB's database and thus consolidate the supervisory tools for all market participants.

The Securities Exchange Management Company must transmit to the COSOB any other document or information not provided for by this instruction and requested by the COSOB for the fulfillment of its supervisory mission.

The models and tables presented in the annexes aim to define the content of the information to be transmitted. The SGBV is free to adapt the presentation of the required documents according to its IT applications.

Article 1. — Annual Documents

The Securities Exchange Management Company must transmit to the COSOB within a maximum period of 30 days after the signing of the minutes by the General Assembly, the following documents:

• The report of the Board of Directors presented to the General Assembly;
• The annual financial statements;
• The resolutions of the General Assembly;
• The complete report of the statutory auditor on the financial statements;
• The declarative statement of commissions received.

Art. 2. — Quarterly Documents

At the latest fifteen (15) days after the end of each quarter of the fiscal year, the Securities Exchange Management Company must transmit to the COSOB the following documents:

1. A quarterly activity report relating to securities, according to the format in Annex 1;
2. A quarterly activity report relating to Treasury bonds assimilable, according to the format in Annex 2.

These reports must, in addition, indicate the elements listed in Annex 3.

Art. 3. — Monthly Documents

The Securities Exchange Management Company is required to transmit a monthly statement of block transactions according to the format in Annex 4.

The aforementioned statement must be transmitted to the COSOB at the latest ten (10) days after the end of each month.

Art. 4. — Information to be communicated without delay

In the event of a technical incident occurring at the level of the quotation system, having an impact on the operational management of the exchange, the Securities Exchange Management Company is required to:

• Communicate without delay to the COSOB the nature of the incident and the immediate solutions envisaged by the Securities Exchange Management Company.
• Transmit to the COSOB a detailed report of the incident as well as the corrective and preventive actions implemented by the Securities Exchange Management Company.

Art. 5. — Other Documents

The Securities Exchange Management Company must transmit to the COSOB the following documents on the occasion of each modification, at the latest 15 days after:

• The detailed organizational chart of the Securities Exchange Management Company;
• The composition of the Board of Directors;
• Internal and external audit and control reports;
• Minutes of ordinary and extraordinary General Assemblies;
• Minutes of Board of Directors meetings;
• Copies of contracts concluded between the Securities Exchange Management Company and service providers related to the trading system;
• Copies of contracts concluded between information redistributors and the Securities Exchange Management Company;
• Any minutes of the trading committee;
• Copies of agreements concluded with establishments intervening in the financial market (DGT, Central Depository, issuers...).

Art. 6. — Exceptional Provisions

By way of exception and within a period of thirty (30) days from the entry into force of this instruction, the Securities Exchange Management Company must transmit to the COSOB the following documents:

• The detailed organizational chart of the Securities Exchange Management Company (with names and descriptions of functions);
• The annual management report including the financial statements and the resolutions of the ordinary General Assembly relating to the year 2009;
• The statutory auditor's report for the fiscal year 2009;
• Copies of agreements concluded with establishments intervening in the financial markets (IOB, DGT, Bank of Algeria...);
• The list of memberships in international organizations, professional associations, or agreements concluded with other stock exchanges;
• A copy of internal procedures related to the activity of the Securities Exchange Management Company;
• Copies of contracts concluded with service providers related to trading systems, OPV, etc.

Art. 7. — Final Provisions

This instruction enters into force from the date of its signature.

Done in Algiers, on July 1, 2010.

The President
Noureddine ISMAIL.

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ANNEX 1
Model of Quarterly Activity Report

Quarter:

Securities	Volume of Orders	Volume Traded	Value Traded (DA)	Number of Orders	Number of Transactions
Capital Securities
Total Capital Securities
Debt Securities
Total Debt Securities
General Totals

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ANNEX 2
Model of Quarterly Activity Report (Treasury Bonds Assimilable)

Quarter:

Session No.	Date	Line	OAT Date	Maturity Date	Volume Traded	Number of Transactions	Price	Value Traded	Coupon Yield	Yield Rate

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ANNEX 3
Elements to be indicated in the quarterly report

1. Identity and signature of the person responsible for the information contained in the report;
2. The share (in %), value, and volume traded (purchase and sale) by each stock exchange intermediary and for each listed security;
3. The total outstanding amount of admitted securities;
4. Securities delisted during the period;
5. Notable events during the period, notably:
   • New technologies or applications integrated;
   • New procedures;
   • Market promotion actions;
   • Any other event that could have an effect on the activity of the Securities Exchange Management Company.
6. Status of complaints:
   This statement contains all complaints received by the Securities Exchange Management Company during the period, indicating:
   • The identity of the complainant;
   • The date of receipt of the complaint;
   • The subject of the complaint;
   • The follow-up given to the complaint.

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ANNEX 4
Monthly Statement of Block Transactions

Month:

Security Traded	Date of Operation	IOB Buyer	Nature of Order (CL or NCL)	IOB Seller	Nature of Order (CL or NCL)	Volume	Price	Value Traded	Number of Transactions

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Regulation COSOB Instruction No. 10-01