Regulatory Alerts2021-07-28
Third Resolution R-CNMV-2021-17-MV: Regulation on Supervision, Change of Control, Merger, Administrative Intervention, Suspension and Exclusion of Issuers and Public Offering Securities
The National Securities Market Council of the Dominican Republic issued the Third Resolution to approve the Regulation on Supervision, Change of Control, Merger, Administrative Intervention, Suspension, and Exclusion of Issuers and Public Offering Securities. This regulation establishes the legal framework for the Superintendence of the Securities Market to supervise issuers, manage administrative interventions, and enforce the suspension or exclusion of securities and issuers from the registry. It clarifies the scope of supervision for fixed and variable income securities, defines procedures for mergers and changes of control, and incorporates feedback from public consultation to enhance market transparency and investor protection.
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