Regulatory Alerts2024-02-13 | CD-SIBOIF-1429-4-FEB13-2024Norm on the Update of Social Capital of Securities Clearing Houses
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-1429-4-FEB13-2024 to update the minimum social capital requirement for Securities Clearing Houses to C$10,194,000.00. Existing clearing houses must pay the difference within seven calendar days after their next Ordinary Shareholders' General Assembly, while newly authorized entities must meet the updated capital at the time of constitution. This resolution repeals the previous update from February 2022 and enters into force upon notification.
Share