Regulatory Alerts2026-06-01
Regulation for Central Securities Depositories and Securities Clearing and Settlement Systems
The Dominican Republic's National Securities Council (CNMV) issued this regulation to govern Central Securities Depositories (CSDs) and Securities Clearing and Settlement Systems (SCSS) in alignment with international PFMI standards. The document establishes comprehensive governance requirements, including strict risk management frameworks, conflict of interest protocols, and the mandatory establishment of independent user committees. It further mandates transparent tariff structures, requiring prior regulatory approval for significant fee increases and defining specific charges for custody, clearing, and settlement services.
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