Algeria's Financial Regulator Warns Against Unlicensed Activities

Algeria's financial regulator, the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB), has issued a warning against engaging in organized financial activities without obtaining the necessary licenses and accreditation. In a statement, the regulator emphasized its role in overseeing and supervising stock market activities, protecting investors, and promoting savings in securities and related financial products. The warning comes amid concerns over unlicensed entities operating in the financial sector.

COSOB specifically highlighted the case of Numival Capital, a company established on December 9, 2025, which claims to engage in stock exchange intermediation and investment fund management. However, the regulator stated that Numival Capital has not submitted any application for accreditation or licensing to COSOB. As a result, the company is not authorized to operate as a stock exchange intermediary or present itself as such, nor is it licensed to manage investment funds.

According to COSOB, engaging in such activities requires prior accreditation and licensing, as per the country's regulatory framework. The regulator urged investors, market participants, and companies to exercise caution and verify that any service provider has obtained the necessary accreditation or license from COSOB before entering into any commitments. This warning aims to protect investors and promote a safe and transparent financial environment.

COSOB emphasized that simply registering a business in the commercial register does not grant the right to engage in regulated activities that require prior accreditation or licensing. The regulator's statement underscores the importance of verifying the legitimacy and authorization of financial service providers before engaging in any transactions.

The warning is part of COSOB's efforts to maintain market integrity and prevent unauthorized entities from operating in the financial sector. By ensuring that only licensed and accredited entities operate in the market, COSOB aims to safeguard investors' interests and promote confidence in the financial system.

Investors and market participants are advised to be vigilant and take necessary precautions when engaging with financial service providers. COSOB's warning serves as a reminder of the importance of regulatory compliance and the need for transparency in financial transactions.

The regulator's statement concludes by reiterating its commitment to protecting investors and maintaining the integrity of the financial market. By working to prevent unlicensed activities, COSOB aims to promote a stable and secure financial environment in Algeria.

Key points

• Algeria's financial regulator, COSOB, has warned against engaging in organized financial activities without proper licenses and accreditation.
• Numival Capital, a company established on December 9, 2025, is not authorized to operate as a stock exchange intermediary or manage investment funds.
• COSOB urges investors and market participants to verify the legitimacy and authorization of financial service providers before engaging in any transactions.