Regulatory Alerts2016-04-18
COSOB Instruction No. 16-03 of April 18, 2016 Fixing the Elements Constituting the File Attached to the Application for Approval as a Stock Exchange Intermediary
The Commission d'Organisation et de Surveillance des Opérations de Bourse (COSOB) issued Instruction No. 16-03 to define the specific documentation required for applications for approval as a Stock Exchange Intermediary. The instruction distinguishes between requirements for commercial companies and banks/financial institutions, detailing necessary submissions for provisional and definitive approval stages. It mandates the inclusion of statutory documents, personnel credentials, internal control procedures, and a signed letter of commitment regarding ethical and financial obligations.
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