Regulatory Alerts2011-07-28
Added · Updated
Law No. 29781 on Strengthening the Supervision of the Securities Market
Law No. 29781 renames the National Commission for the Supervision of Companies and Securities (Conasev) to the Securities Market Superintendency (SMV) and establishes its legal framework, including its definition, functions, and autonomy. The law defines the appointment, removal, and powers of the Superintendent and the Board of Directors, granting the SMV authority to regulate markets, impose sanctions, conduct inspections, and enforce capital and guarantee requirements on supervised entities.
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