Regulatory Alerts2024-07-04
Added · Updated
Circular 02/24 — Material Event Regarding Excess in Investment Policy
The Superintendence of the Securities Market of the Dominican Republic mandates that Investment Fund Management Companies must report material events concerning excesses in investment policies using a specific format. This report must include details such as the excess amount or percentage, the permitted limit, the deviation, and the deadline for correction. Additionally, notifications regarding the remediation of such excesses must specify the remediation date and the number of accumulated days outside the limits. These provisions enter into force on the business day following the publication of the Circular.
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