Regulatory Alerts2019-08-02
Third Resolution R-CNMV-2019-16-MV: Regulation for Establishing and Operating in the OTC Market and Securities Transaction Recording Systems
The National Securities Market Council of the Dominican Republic issued Resolution R-CNMV-2019-16-MV to approve the definitive regulation governing operations in the Over-The-Counter (OTC) market and securities transaction recording systems. This regulation establishes the legal framework for OTC trading, defines the roles and obligations of value intermediaries and system administrators, and mandates non-discriminatory pricing for non-professional investors. It further details the tariff structures, authorization processes, and operational standards required for entities managing securities registration systems to ensure market efficiency, equity, and transparency.
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