Regulatory Alerts2009-07-24
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Decree-Law No. 4/2009 Approving the Securities Market Code
The Council of Ministers of Mozambique approved the Securities Market Code, which establishes the fundamental principles and provisions governing the organization and operation of securities markets. The Bank of Mozambique is designated as the competent authority responsible for the supervision, regulation, and promotion of the securities market. The Code defines key entities such as issuing entities, financial intermediaries, and investors, while imposing duties on intermediaries regarding client service, professional secrecy, and market integrity. This legislation repeals previous securities regulations and entered into force 30 days after its publication on 24 July 2009.
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