Regulatory Alerts2024-03-19 | CD-SIBOIF-1436-1-MAR19-2024Resolution Amending Articles 7 and 12 of the Standard on the Integration of the Nicaraguan Capital Market with Other Foreign Markets
The Board of Directors of the Superintendence of Banks and Other Financial Institutions (SIBOIF) issued Resolution No. CD-SIBOIF-1436-1-MAR19-2024 to amend Articles 7 and 12 of the standard governing the integration of the Nicaraguan capital market with foreign markets. The reform expands the types of acceptable guarantees for remote trading to include more liquid instruments and updates the registration and authorization procedures for foreign remote operators. These changes aim to facilitate the realization of securities and enhance regulatory oversight while maintaining reciprocity in registration fees.
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