Issue #28 of the Official Gazette of the People's Democratic Republic of Algeria published on 07 May 2025:
Financial Reforms, Real Estate Updates, and Enhanced Protections for Customers and Payment Service Providers
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Issue #28
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Year 2025
New issue includes COSOB regulations on venture capital, new rules for payment service providers and bank client protection, amendments to state property cession conditions, and digitalization of agricultural land procedures.
1. Amendment of Conditions for Cession of State-Owned and OPGI-Managed Real Estate
Decree modifying and supplementing the conditions and procedures for the cession of real estate belonging to the State and those managed by OPGI, introducing digital application submission and extending installment payment periods.
- Acquisition applications can be submitted digitally or on paper.
- Legal occupants of residential properties can acquire them outright or by installment.
- Installment payment period extended to a maximum of 25 years.
- Deadlines set for competent commissions to decide on acquisition requests and appeals.
- Legal occupants of residential properties can acquire them outright or by installment.
- Installment payment period extended to a maximum of 25 years.
- Deadlines set for competent commissions to decide on acquisition requests and appeals.
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2. Appointments and Terminations in Judiciary, Culture, and Transport Sectors
Presidential and executive decrees concerning the appointment of sub-directors to the Superior Council of Magistracy, termination of functions of directors in the Ministry of Culture and Arts and the transport sector, and appointment of a new transport director for Tindouf wilaya.
- Appointment of Ms. Fatma Djadi and Mr. Salim Amaouche as sub-directors at the Superior Council of Magistracy.
- Termination of functions of Mr. Nassim Mohand Amer as Director of Cooperation and Exchanges at the Ministry of Culture and Arts.
- Termination of functions of Mr. Badereddine Hamza as Director of Transport for Djanet wilaya.
- Appointment of Mr. Badereddine Hamza as Director of Transport for Tindouf wilaya.
- Termination of functions of Mr. Nassim Mohand Amer as Director of Cooperation and Exchanges at the Ministry of Culture and Arts.
- Termination of functions of Mr. Badereddine Hamza as Director of Transport for Djanet wilaya.
- Appointment of Mr. Badereddine Hamza as Director of Transport for Tindouf wilaya.
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3. End of Acting Presidency of the Military Court of Appeal of Béchar
Ministerial order ending the acting presidency of the Military Court of Appeal of Béchar / 3rd military region.
- Termination of Mr. Abderrahmane Laaz's acting presidency of the Military Court of Appeal of Béchar/3rd military region, effective April 6, 2025.
4. Approval of COSOB Regulation on Venture Capital Collective Investment Schemes
Ministerial order approving COSOB regulation no. 24-02 concerning collective investment schemes in venture capital, defining rules for their creation and operation.
- The regulation sets rules for Venture Capital Collective Investment Schemes (OPCR) such as venture capital investment companies (SICAR) or common venture capital funds (FCPR).
- Minimum capital for SICAR and net assets for FCPR: 50 million DZD.
- Conditions for approval, constitution, management, valuation, custody, and dissolution of these entities.
- At least 50% of assets must be invested in unlisted companies.
- Disclosure and control obligations defined.
- Minimum capital for SICAR and net assets for FCPR: 50 million DZD.
- Conditions for approval, constitution, management, valuation, custody, and dissolution of these entities.
- At least 50% of assets must be invested in unlisted companies.
- Disclosure and control obligations defined.
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5. Creation of a House of Culture Annex in El Khroub (Constantine)
Joint ministerial order creating an annex of the house of culture in the municipality of El Khroub, wilaya of Constantine.
- Creation of an annex to the House of Culture in El Khroub, Constantine, under Article 3 of Executive Decree No. 98-236.
6. Creation of a House of Culture Annex in Ibn Ziad (Constantine)
Joint ministerial order creating an annex of the house of culture in the municipality of Ibn Ziad, wilaya of Constantine.
- Creation of an annex to the House of Culture in Ibn Ziad, Constantine, under Article 3 of Executive Decree No. 98-236.
7. Amendment of Procedures for Granting Concessions for State-Owned Agricultural Land
Order modifying and supplementing the 2012 order defining application modalities and selection criteria for candidates for the concession of State-owned agricultural land, with an emphasis on digitalization.
- Calls for applications to be launched on the digital platform of the National Office of Agricultural Lands (ONTA).
- Application files to be submitted electronically via the platform.
- Ad hoc committee decisions and appeal reviews to be notified electronically.
- Application files to be submitted electronically via the platform.
- Ad hoc committee decisions and appeal reviews to be notified electronically.
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8. Conditions for Authorization, Constitution, Approval, and Exercise of Activities of Payment Service Providers
Bank of Algeria Regulation No. 25-02 sets the conditions for the authorization, constitution, approval, and exercise of activities of Payment Service Providers (PSP).
- Defines services PSPs can offer (cash deposit/withdrawal, transfers, card payments, fund transmission).
- Minimum capital for PSPs: 160 million DZD.
- Mandatory hosting of payment platform and redundancies on national territory.
- Requirements for governance, internal control, IT security, and user protection.
- Compliance with AML/CFT requirements.
- Minimum capital for PSPs: 160 million DZD.
- Mandatory hosting of payment platform and redundancies on national territory.
- Requirements for governance, internal control, IT security, and user protection.
- Compliance with AML/CFT requirements.
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9. Protection of Clients of Banks, Financial Institutions, and Other Subject Entities
Bank of Algeria Regulation No. 25-03 establishes rules for the protection of clients of banks, financial institutions, and other entities subject to banking law.
- Principles of fair and honest treatment of clients.
- Prohibition of unfair, deceptive, or aggressive practices.
- Obligation to provide clear, accurate, and understandable information to clients.
- Requirement for written agreements defining product/service conditions and client's right of withdrawal.
- Obligations regarding data protection, service continuity, and complaint handling mechanisms.
- Prohibition of unfair, deceptive, or aggressive practices.
- Obligation to provide clear, accurate, and understandable information to clients.
- Requirement for written agreements defining product/service conditions and client's right of withdrawal.
- Obligations regarding data protection, service continuity, and complaint handling mechanisms.
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