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Entry into force of the law No. 44-12 relating to the public offering and the information required for legal persons and agencies using public funds

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The implementing decree No. 2-17-227 has been published in the Official Gazette No. 6622 of November 16, 2017 marking the entry into force of the law No. 44-12 relating to the public offering and the information required for legal persons and agencies using public funds.

Indeed, promulgated since January 24, 2013 the entry into force of the law 44-12 was conditional on the publication of its implementing decree in accordance with Article 31 of the said law.

The implementing decree provides also that public offering operations carried out by legal persons not having their head office in Morocco and non-resident natural persons should be carried out in accordance with the Moroccan public order, regulations in force and its impact on the economy and employment.

Sources :

The law No. 44-12 in French :

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The implementing decree in French :

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