Regulatory Alerts1992-04-15
Added · Updated
Circular 92/1 Delegated Agents
This circular establishes minimum rules for the administrative, accounting, and internal control organization of stock exchange companies using delegated agents or acting as depositaries for wealth management clients. Stock exchange companies must ensure delegated agents operate under written contracts with specific prohibitions on order grouping and self-execution, while maintaining strict separation of client funds and titles. Companies are required to submit a complete dossier to the Intervention Fund by June 30, 1992, detailing agent identities, contracts, and control measures, and must immediately adapt existing conventions to comply with these new provisions.
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