Regulatory Alerts2000-04-24
General Decision No. 2 of April 24, 2000 in Application of the Stockbroker Statute
The Financial Market Council issued this General Decision to establish the mandatory human and material resources required for stockbrokers to obtain preliminary and final approval. It mandates that applicants assign dedicated personnel without concurrent roles, maintain segregated order-receiving and executing structures, and operate from secure premises equipped with specific IT hardware for real-time exchange and clearing systems. Furthermore, the decision requires approved timestamping mechanisms, certified telephonic recording for phone orders, and computerized register options to ensure regulatory compliance.
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