Regulatory Alerts2024-02-13 | CD-SIBOIF-1429-3-FEB13-2024Norm on the Update of the Share Capital of Stock Exchanges
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-1429-3-FEB13-2024 to update the minimum share capital requirement for stock exchanges to C$20,387,500.00. Existing stock exchanges must pay the difference within seven calendar days after their next Ordinary General Shareholders' Meeting, while new entities must meet the updated capital at the time of their constitution. This resolution repeals the previous update norm from February 2022 and enters into force upon publication in the Official Gazette.
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