Regulatory Alerts2008-07-29 | CD-SIBOIF-540-1-JUL2-2008Added · Updated
Norm on Cancellation of Registration of Public Offering Securities by Issuer Request
This regulation establishes the procedures and requirements for issuers to voluntarily request the cancellation of the registration of securities authorized for public offering. It distinguishes between fixed-income and variable-income securities, specifying distinct documentation needs such as shareholder and investor approvals, notarized minutes, and financial valuations for early redemption. The Superintendent of Banks and Other Financial Institutions must authorize cancellations within fifteen business days, with public notices required in national newspapers and on relevant websites.
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