Regulatory Alerts2024-10-21
R-CNMV-2024-09-MV — Regulation on Change of Control, Merger, Supervision, Administrative Intervention, Dissolution and Liquidation of Securities Market Participants
The National Securities Market Council of the Dominican Republic approved Resolution R-CNMV-2024-09-MV, adopting a new regulation governing change of control, mergers, supervision, administrative intervention, dissolution, and liquidation for securities market participants. This regulation implements Law No. 249-17, replacing previous supervisory and inspection rules while establishing specific procedural requirements and exceptions for various market entities. The approval follows a public consultation process that incorporated feedback from industry stakeholders to refine the regulatory framework and ensure market transparency.
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