Regulatory Alerts2020-08-06
Added · Updated
Law No. 2020-37 of August 6, 2020, on Crowdfunding
Law No. 2020-37 organizes crowdfunding in Tunisia by defining three categories: investment in securities, loans, and donations. It mandates that providers operate as Tunisian anonymous companies and obtain specific approvals from the Financial Market Council, the Central Bank of Tunisia, or the Microfinance Control Authority depending on the activity type. The law imposes strict obligations on providers regarding project verification, fund segregation in special accounts, transparency, and the prohibition of combining crowdfunding with banking or insurance activities.
More like this from CMF
We email you every new CMF publication the day it's published.
Topics
Share