Regulatory Alerts2023-01-01
COSOB Regulation No. 23-03 of April 12, 2023, Fixing Qualification Rules and Registration Conditions for Agents Authorized to Conduct Securities Trading on the Stock Exchange and Issuing Professional Cards
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Regulation No. 23-03 to establish the qualification criteria and registration procedures for agents authorized to trade securities on the stock exchange. The regulation mandates that agents hold a higher education diploma, complete specialized training, and pass a professional aptitude exam administered by the Stock Management Company. It further defines the conditions for issuing professional cards, outlines grounds for suspension or deregistration, and sets obligations for intermediaries regarding employment changes and card return.
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