Regulatory Alerts2009-07-12
Instruction COSOB No. 09-01 of July 12, 2009, Setting the Conditions for Over-the-Counter Trading of Listed Bonds
Issued by COSOB, this instruction establishes the minimum trading volume and maximum allowable price deviation for over-the-counter transactions of listed bonds. It mandates that such trades must involve at least five times the standard block size and cannot deviate by more than 0.2% from the official exchange price. Additionally, it requires all authorized intermediaries, banks, and financial institutions to submit monthly transaction reports to COSOB and SGBV, while simultaneously repealing the previous 2005 directive.
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