Regulatory Alerts1999-03-30
Instruction COSOB No. 99-03 of June 16, 1999, Regarding the Issuance of the Professional Card
The Commission d’Organisation et de Surveillance des Opérations de Bourse (COSOB) issued this instruction to define the procedures for registering brokers and issuing professional cards. It mandates that applicants submit specific personal and educational documents, pass a professional aptitude exam focused on the quotation system, or qualify for an exemption through recognized training. Upon registration in the stock exchange management company's registry, holders are authorized to exercise the function of broker on the exchange floor.
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