Regulatory Alerts2010-03-09 | 33/01Order Approving Rules for Licensing Securities Registrars in Georgia
The President of the National Bank of Georgia issued Order N33/01 to approve comprehensive rules governing the licensing, financial requirements, and operational conduct of securities registrars. The regulation mandates a minimum equity capital of 250,000 GEL and establishes strict licensing criteria, including governance integrity and technical capabilities, while revoking previous resolutions by the National Securities Commission. It further details mandatory reporting obligations, such as annual audited financial statements and monthly activity reports, alongside procedures for license issuance, revocation, and the transfer of registries upon termination of services.
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