Regulatory Alerts2022-02-15 | CD-SIBOIF-1296-5-FEB15-2022Norm on the Integration of the Nicaraguan Capital Market with Other Foreign Markets
The Superintendence of Banks and Other Financial Institutions (SIBOIF) issued Resolution No. CD-SIBOIF-1296-5-FEB15-2022 to regulate the integration of the Nicaraguan capital market with foreign markets through remote trading operators. The norm establishes the conditions, authorization procedures, and registration requirements for foreign remote operators and national brokerage houses to trade foreign securities via Remote Securities Trading Systems (SRNV). It mandates reciprocal agreements with foreign regulators, strict compliance with anti-money laundering standards, and specific disclosure obligations to protect investors trading in jurisdictions with different legal frameworks.
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