Regulatory Alerts2026-06-25
Added · Updated
First Resolution of the Securities Market Superintendence of June 15, 2026 (R-SIMV-2026-25-FI) Modifying the Authorization of Pioneer II Closed-End Investment Fund
The Securities Market Superintendence of the Dominican Republic issued Resolution R-SIMV-2026-25-FI to modify the authorization of the Pioneer II Closed-End Investment Fund, administered by Pioneer Sociedad Administradora de Fondos de Inversión, S.A. The resolution updates the fund's key characteristics, including increasing the total issuance amount to DOP 15 billion, setting the nominal value at DOP 10,000, and defining the investment objective as generating income through investments in companies and non-profit entities outside the financial sector. The Superintendence mandates the administrator to report these changes as a relevant event and publish them on its website while instructing relevant registries to certify and notify the resolution.