Regulatory Alerts2024-01-01 | JPRF-V-2024-0125Resolution JPRF-V-2024-0125: Reforms to Chapter III "Norms Regulating Stock Market Negotiation Mechanisms"
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2024-0125 to reform the regulatory framework governing stock market negotiation mechanisms within the Securities Market Law. The resolution replaces Article 1 of Chapter III to provide precise legal definitions for key trading concepts, including auction notices, automatic matching, bidding periods, and price ranges for liquid and illiquid securities. These changes aim to enhance market transparency, ensure orderly trading, and align Ecuadorian regulations with international technical standards for securities intermediation.
Share