Regulatory Alerts2010-02-24 | Circular 9/2010Added
Circular 9/2010 — Modifies Circular 8/2010
This circular amends section 9, paragraph 3 of Circular 8/2010 to exempt covered institutions from the general derivative operation rules established in Circular 4/2006 and Circular 1/2006 when conducting US Dollar Put Option auctions. The entities affected by this exemption are multiple banking institutions, brokerage houses, investment companies, and limited-object financial societies. The modification clarifies that the specific rules for these dollar put option auctions supersede the previously applicable general derivative regulations. The circular entered into force on February 24, 2010.
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