Regulatory Alerts2011-09-07 | CD-SIBOIF-692-2-SEP7-2011Added · Updated
Norm on Securities Trading in the Secondary Market
This resolution regulates the trading of national and foreign securities in the secondary market, defining authorized securities, negotiation mechanisms, and participant obligations. It mandates that public offerings in the secondary market be conducted through authorized stock exchange positions using normal negotiation mechanisms, while non-registered private securities may be traded privately only with sophisticated or institutional investors. Issuers are required to submit annual and quarterly financial information and immediately disclose material events to the Superintendent and the public. Foreign securities are subject to specific registration requirements, including risk ratings and authenticated documentation from the country of origin.
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