Regulatory Alerts2023-12-13
Added · Updated
Circular 12/23 — Authorization for Public Consultation of the Instruction for the Constitution, Registration, and Execution of Guarantees on Participation Quotas of Open or Mutual Investment Funds
The Securities Market Superintendence of the Dominican Republic authorizes the public consultation of a draft instruction establishing the minimum conditions for the registration, constitution, and execution of pledges on participation quotas of open or mutual investment funds. The document requires investment fund management companies to incorporate these processes into their internal manuals upon final approval and mandates that promoters inform potential investors about their right to pledge their quotas. A 45-business-day period is granted for market participants and the public to submit comments on the proposed regulation.
More like this from SIMV
SIMV published 2 documents in the last 30 days. We email you each new one the day it's published.