Regulatory Alerts2011-07-27
Added · Updated
CONASEV Resolution No. 062-2011
CONASEV partially annuls the administrative sanction imposed on Intradevco Industrial S.A. regarding the late submission of public deeds for capital increases in 2006 and 2007, applying the principle of retroactivity of the more favorable law which extended the reporting deadline from two to ten business days. The resolution declares the appeal filed by Intradevco unfounded regarding the remaining sanctions for other infractions, upholding the application of the Sanctioning Criteria for the accumulation of minor infractions related to financial information and important events reporting. The administrative route is declared exhausted, and the resolution is published on the CONASEV Portal.
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