Tunisia: Stock market broker TSI subject of in-depth investigation by CMF
The Financial Market Council (CMF) has just announced that the stock exchange broker Tuniso-Saoudienne d'Investissement (TSI) has been the subject of an in-depth investigation by the CMF since January 9, 2025.
The investigations have revealed that TSI's capital is insufficient in relation to the required regulatory ratios and that there are suspected shortcomings in its internal organization and governance.
In addition, on April 22, 2025, the company's statutory auditor reported to the CMF the existence of facts likely to jeopardize the interests of TSI or its customers.
In accordance with the provisions of Article 270 of the Commercial Companies Code, he disclosed these facts to the public prosecutor.
Faced with these findings, the CMF has immediately implemented a series of preventive measures, in particular the continuation of the investigation and examination of TSI's activity as a stockbroker, as well as coordination with the banks dealing with TSI, the Tunis Stock Exchange and Tunisie Clearing, in order to ensure the protection of clients' assets and to avoid any improper movements.
The CMF also invites the public to rely exclusively on the information provided through its official channels and undertakes to inform the public of any important developments concerning this dossier in due course and in accordance with the texts in force.
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