Regulatory Alerts2016-03-28
Added · Updated
Frequently Asked Questions about Investment Advisors
The document defines Investment Advisors as individuals or entities providing professional portfolio management and investment advice without acting as securities market intermediaries, requiring mandatory registration with the National Banking and Securities Commission (CNBV). It outlines specific eligibility criteria for registration, including honorability for individuals and corporate structure requirements for legal entities, and establishes the CNBV's exclusive supervisory authority regarding anti-money laundering and criminal offenses. The text prohibits advisors from holding client funds or securities in custody, except for service remuneration, and distinguishes their direct client relationships and fee structures from those of financial institution representatives. It further provides guidance on verifying advisor credentials, understanding compensation models, and accessing public records of regulatory sanctions via the CNBV website.
More like this from CNBV
CNBV published 1 document in the last 30 days. We email you each new one the day it's published.