Regulatory Alerts2006-05-22
Instructions of Financial Services Licensing and Registration for 2005
The Securities Commission issued these 2005 instructions to establish comprehensive licensing and registration requirements for financial services under the Securities Law. The regulations specify minimum paid-in capital and bank guarantee thresholds across brokerage, investment management, trusteeship, advisory, and issuance management activities. Licensed entities must maintain solvency standards, submit detailed applications and annual renewals, and adhere to strict operational, reporting, and conflict-of-interest obligations.
Share