Regulatory Alerts2025-12-29
Added · Updated
Circular No. 589-2025: Submission of Curricula Vitae for Appointed Directors by General Regime Issuers and Alternative Securities Market Issuers
The Superintendencia del Mercado de Valores requires issuers under the General Regime and Alternative Securities Market to apply and document due diligence measures to verify compliance with the obligation to submit directors' curricula vitae within ten business days of appointment and update them within three business days of any changes. Issuers that determine they have failed to meet these obligations must respond to the circular within ten business days, providing reasons and evidence of remedial measures, with the deadline expiring on January 13, 2026. Failure to address these requirements constitutes a sanctionable conduct under the Sanctions Regulation.
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