Regulatory Alerts2018-10-01 | cba-blob-10382State Ordinance on the Supervision of Securities Business
The Governor of Aruba, acting through the Central Bank, enacted this State Ordinance to establish a comprehensive licensing and supervisory framework for securities brokers, asset managers, investment institutions, custodians, and stock exchanges. The legislation mandates that market participants obtain Bank licenses by submitting detailed applications covering governance structures, financial statements, and anti-money laundering compliance. It further empowers the Bank to approve, modify, or revoke licenses within a 13-week statutory period while aligning securities market oversight with existing financial sector and money laundering regulations.
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