Regulatory Alerts2022-10-11 | CD-SIBOIF-1338-1-OCT11-2022Norm Reforming Article 4 of the Standard on the Integration of the Nicaraguan Capital Market with Other Foreign Markets
The Board of Directors of the Superintendency of Banks and Other Financial Institutions (SIBOIF) issued Resolution No. CD-SIBOIF-1338-1-OCT11-2022 to amend Article 4 of the Standard on the Integration of the Nicaraguan Capital Market with Other Foreign Markets. The reform expands the scope of eligible foreign securities to include those issued by foreign governments or central banks that are listed for trading on their respective stock exchanges, even if they are not registered with a regulatory authority in their country of origin. This change allows such securities to be traded in Nicaragua's primary and secondary markets without requiring inscription in SIBOIF's Securities Register, provided they meet specific conditions regarding their origin and trading mechanism.