Regulatory Alerts2016-05-09
Current Position on CMO Recapitalization Exercise
The Securities Commission clarifies that the December 31, 2016 recapitalization deadline for non-capitalized Capital Market Operators (CMOs) remains unchanged, while the registration cancellation process will commence after that date. Non-capitalized CMOs currently remain suspended but may be readmitted during the grace period upon demonstrating compliance. Management requires affected operators to submit proof of compliance before the cancellation process fully takes effect.
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