Regulatory Alerts1996-01-10
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Ordinance No. 96-10 of January 10, 1996, amending and supplementing Legislative Decree No. 93-10 on the securities exchange
Issued by President Liamine Zeroual of Algeria, this ordinance amends the 1993 decree governing the securities exchange to introduce specific regulatory changes. It permits off-exchange, negotiated trading for state and corporate bonds for an initial eighteen-month period and expands the scope of licensed intermediaries to include non-listed financial products. Additionally, the text mandates that client funds entrusted to intermediaries for investment must be transferred exclusively via bank wire.
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