Regulatory Alerts2011-11-25
General Decision No. 15 of the Financial Markets Council (November 25, 2011) on Exceptional Professional Card Rules for Stockbroker Representatives
The Financial Markets Council issued General Decision No. 15 on November 25, 2011, granting stockbrokers a 12-month grace period to regularize the professional card status of their securities portfolio managers. The decision establishes an exceptional certification pathway requiring either eight years of recent management experience or five years plus a master’s degree, with applications processed by the Association of Stockbrokers. This measure remains valid for three months after official publication and applies to any stockbroker that submits a timely application meeting the specified eligibility criteria.
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