Regulatory Alerts2011-12-02
Specification Sheet for the Holding and Conservation of Securities Accounts Applicable to Companies Offering Securities to the Public
The Financial Market Council issued this specification sheet to establish mandatory holding and conservation standards for securities accounts of companies offering securities to the public. It requires authorized intermediaries and issuers to maintain robust human resources, IT infrastructure, and internal control functions that ensure operational reliability, data security, and independent oversight. Furthermore, the document mandates precise double-entry accounting, daily journalized records, strict archiving protocols, and systematic reconciliation with depositary institutions to guarantee asset protection and regulatory compliance.
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