Regulatory Alerts2012-03-22
Capital Market Activity of the Banking System
The Supervisor of Banks issued this regulation to establish minimum requirements for management and control systems in banking corporations engaged in capital market activities. The document mandates the implementation of organizational structures, such as Chinese walls, to prevent conflicts of interest and the misuse of inside information. It further specifies governance rules for controlled investment corporations, including board composition limits, investment committee independence, and strict prohibitions on directing specific investment decisions.
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