Instruction COSOB No. 26-01 of February 25, 2026, Setting the Transmission Periodicity of Documents and Information by Participatory Investment Advisors (CIP)

The Democratic and Popular Republic of Algeria 1 Commission for the Organization and Supervision of Stock Market Operations Commission d’Organisation et de Surveillance des Opérations de Bourse – COSOB - Instruction COSOB No. 26-01 of February 25, 2026 Setting the transmission periodicity of documents and information by participatory investment advisors (CIP)

Article 1: In application of Article 30 of the Regulation of the Commission for the Organization and Supervision of Stock Market Operations (COSOB No. 23-01 of 21 Ramadan 1444 corresponding to April 12, 2023, setting the conditions for approval, exercise, and control of Participatory Investment Advisors), this instruction aims to set the transmission periodicity of documents and information that participatory investment advisors (CIPs) are required to transmit to the Commission.

Article 2: Participatory investment advisors are required to transmit the following documents and information to the Commission:
— financial statements, as defined by current legislation; — the list of financed participatory investment projects; — participant statements, aggregated by participant and by project; — any other information necessary for monitoring activity, including that enabling the identification of potential offenses related to fraud, money laundering, and terrorist financing.

Article 3: The list of financed participatory investment projects must, for each project, specify in particular:

• the project name;
• the nature and business sector of the project;
• the identification of the project sponsor;
• the nature of the investment (equity securities/debt securities);
• the total amount sought and the amount actually collected;
• the collection period and method;
• the project progress status, if applicable.

Article 4: Participant statements, aggregated by participant and by project, must enable the identification, for each participant:

• the participant's identity;
• the total amount of investments made;
• the distribution of investments by project

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• participation method;
• participation dates.

Article 5: The transmission periodicity of the documents and information provided for in the preceding articles is set as follows:

• financial statements: annually, within a maximum period of (6) six months following the closing date of the fiscal year;
• the list of financed projects and participant statements: semi-annually, within a maximum period of (3) three months following each semester.
  Financial statements may be transmitted semi-annually, within a maximum period of three (3) months following the closing of each semester, upon request by the Commission.

Article 6: The Commission may, at any time, request participatory investment advisors to provide any information it deems necessary for monitoring their activity.
These information may in particular relate to elements enabling the identification or prevention of potential offenses related to fraud, money laundering, and terrorist financing.

Article 7: The documents and information provided for by this instruction are transmitted to the Commission in electronic form, guaranteeing the ease of their automatic reading, in accordance with the conditions set by the Commission.

Article 8: This instruction enters into force as of the date of its signature.

Done in Algiers, on February 25, 2026
Youcef BOUZENADA