Algeria – CM PB

Country Manual Private Banking

Algeria

BRP has updated its Country Manual Private Banking for

Algeria out of Bank’s Country of Establishment (DEF, RS, BT & RT)

Regulatory Template, Regulatory Summary and Behaviour Template

Material changes

The Country Manual has been reviewed to ensure that the content of all documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework.

Algerian authorities adopted a new Banking law in June 2023, Law n° 23-09 of 21 June 2023 on the Monetary and Banking Law (Loi n°23-09 du 21 juin 2023 portant loi monétaire et bancaire), replacing Ordinance n° 03-11 of 26 August 2003 on Money and Credit previously regulating banking activities in Algeria. The legal references have thus been adapted in the Country Manual, although the new law does not entail any material changes to the current rules presented.

Non-material changes

Some content has been slightly reworded throughout the documents, without introducing any material changes.

BT Short Comparison

This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “ALGERIA” in the Target Country Field.

The BT Short Comparison should be read as follows:

The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in color). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.

For more information, please contact us: info@brpsa.com

Geneva, February 25^th, 2025