Regulatory Alerts2017-08-24
Added · Updated
Adjustment of Fine Amounts - Article 187 of the Capital Markets Law
The Superintendent of Banks and Other Financial Institutions of Nicaragua adjusts the maximum fine amounts for securities market participants under Article 187 of the Capital Markets Law. The new limits are set at C$149,000 for very serious infractions by natural persons, C$74,000 for serious infractions by natural persons, and C$37,000 for less serious infractions by both natural and legal persons. These adjustments are calculated using the official exchange rate variation and enter into force upon publication.
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