Regulatory Alerts2015-12-15
Prenotice on Cancellation of Certificates of Registration for Inactive Capital Market Operators
The Securities and Exchange Commission has directed ninety-four inactive Capital Market Operators to submit written presentations explaining why their registration certificates should not be cancelled. These operators face cancellation due to consistent failures in filing statutory returns and potential non-compliance with new minimum capital requirements by the September 30, 2015 deadline. Affected entities must deliver hard copies to the Commission’s head office and electronic submissions to designated email addresses by December 4, 2015.
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