Regulatory Alerts2011-09-07 | CD-SIBOIF-692-1-SEP7-2011Added · Updated
Norm on Public Offering of Securities in the Primary Market
This regulation establishes the requirements, procedures, and definitions for the public offering of securities in the primary market in Nicaragua. It defines eligible securities, distinguishes between public and private offerings, and mandates that only standardized or serially issued securities may be offered publicly, with specific exceptions for financial institutions. Issuers must obtain prior authorization from the Superintendent of Banks and Other Financial Institutions, register their securities, and comply with ongoing disclosure obligations, while private placements are restricted to institutional or sophisticated investors and capped at $3 million.
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