Tunisian Financial Market Council (CMF) Publishes Crowdfunding Regulation
The Tunisian Financial Market Council (CMF) has announced the publication of its regulation in the Official Journal of the Tunisian Republic, dated November 11, 2024, outlining the conditions for exercising this activity.
This specific type of crowdfunding constitutes a novel and strategic financing lever to strengthen the entrepreneurial ecosystem, particularly in favor of startups and SMEs. Through this financing mode, project holders can raise funds directly from the public via specialized digital platforms. Contributors, whether individuals or institutions, can diversify their portfolios by subscribing to ordinary shares, bonds, or sukuk, thereby contributing to the development of high-potential economic projects.
The CMF thus establishes a clear, structured, and secure regulatory framework, meeting the requirements of investor protection and operational transparency. This framework aims to reinforce the credibility and efficiency of participatory financing mechanisms.
The full text of the regulation is accessible via this link.
