Regulatory Alerts2005-10-18
Added · Updated
Law No. 2005-96 of October 18, 2005 on Strengthening the Security of Financial Relations
The Tunisian President, acting on the Chamber of Deputies' adoption, issued Law No. 2005-96 to strengthen financial relations by regulating portfolio management for third parties through credit institutions, stock exchange intermediaries, and approved management companies. The legislation mandates strict operational independence, conflict-of-interest avoidance, client risk disclosure, and mandatory declarations to the Financial Market Council within specified timelines. It establishes a robust supervisory and disciplinary framework, imposing imprisonment or fines for unapproved operations, unauthorized use of management titles, or failure to declare activities, with penalties doubling upon recidivism.
More like this from CMF
We email you every new CMF publication the day it's published.