Regulatory Alerts2023-03-17
Added · Updated
Compilation of Securities Market Regulations – Resolutions of the Board of Directors of the Central Bank of Uruguay or the Superintendence of Financial Services arising from supervision or audit acts – Modification
The Superintendence of Financial Services replaced Article 256 of Book VI of the Compilation of Securities Market Regulations to mandate that issuers, stock exchanges, crowdfunding platform administrators, securities intermediaries, investment advisors, portfolio managers, investment fund administrators, trustees, securities depositories, and credit rating agencies transcribe specific regulatory resolutions and paid fines into their administrative body's minutes. This transcription must occur within 90 days of notification or resolution issuance, or within the timeframe specified in the resolution itself. The requirement applies only to institutions legally obligated to maintain corporate books.
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