Regulatory Alerts2024-12-31
Instruction COSOB No. 24-10 of December 31, 2024, on Stock Exchange Order Placement Methods
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Instruction No. 24-10 to define the modalities for stock exchange order placement by clients. The regulation mandates that orders may be placed via electronic, telephone, or written means, subjecting each channel to specific authentication, recording, and security requirements. Approved intermediaries are granted a six-month compliance period following the instruction's effective date to align their operations with these new standards.
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