The Algeria Market Authority published its second-half 2024 bulletin, bringing together the main regulatory, supervisory and market developments for the period. The headline changes were a new anti-money laundering, counterterrorist financing and proliferation financing framework and a set of implementing instructions, alongside approvals for several debt and equity transactions. Approved offerings included Maghreb Leasing Algérie's DZD 2 billion institutional bond issue, Moustachir SPA's DZD 94,437,500 public capital increase, Tosyali Iron Steel Industry Algérie SPA's DZD 15 billion bond issue that may be increased to DZD 20 billion for professional investors at initial subscription, and Banque de Développement Local's public capital increase equal to 30% of its share capital through 44.2 million new shares. On the regulatory side, COSOB adopted Regulation 24-01 on July 17 covering the prevention of and fight against money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction. It followed with instructions on how COSOB exercises supervision over private equity companies, customer due diligence measures, the annual report on AML and related controls, the qualified investor regime and methods for placing stock exchange orders. COSOB also published guidelines aimed at preventing criminals from acquiring majority stakes in companies whose securities are listed or offered to the public, and issued a warning against offers to buy shares in Algiers-listed companies outside the regulated market framework. The bulletin also records market access and infrastructure measures. COSOB granted a final licence to Invest Market SPA to operate as a broker, authorized the establishment of Algeria PortFolio Management Spa as a broker, registered additional exchange promoters and valuation experts, launched a redesigned website and introduced an electronic portal for the Algerian financial market intended to simplify procedures for market participants.

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