Regulatory Alerts2018-05-29
Amendment to the Licensing and Registration Regulation (Capital Markets Series 2000)
The Capital Markets Authority has amended its Licensing and Registration Regulation to formally add the Internal Audit Unit to registrable functions and prescribe specific qualification examinations for eleven designated roles. The updated framework requires approved institutions to register key personnel, including CEOs and compliance officers, while granting a grandfathering exemption to professionals with at least fifteen years of prior financial securities experience. These amendments standardize registration and examination pathways across the capital markets sector and take effect upon official publication.
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