RegAlert

Rule · SIBOIF · 10 May 2000 · CD-SIB-108-3-MAY10-2000

Reform to the Resolution on Stockbrokers

licensing
securities

Articles 2 and 3 of Resolution SIB-OIF-II-4-94, issued by the Superintendent of Banks on 21 January 1994, are left without effect insofar as they prohibited the manager of a Stock Exchange Firm from acting as a Stockbroker. Managers of Stock Exchange Firms are consequently empowered to act as Stockbrokers, provided they satisfy the requirements established to act as such.

NicaraguaSuperintendencia de Bancos y de Otras Instituciones Financieras

CD-SIB-108-3-MAY10-2000.

REFORM TO THE RESOLUTION ON STOCKBROKERS.

WHEREAS

I That Stockbrokers, when acting on the trading floor, do so exclusively in the name and on behalf of a specific Stock Exchange Firm, and are not permitted to act in their own name.

II That there is no inconvenience or legal conflict for the managers of Stock Exchange Firm companies to act as agents, the Board of Directors,

RESOLVES

CD-SIB-108-3-MAY10-2000.

Sole.- To leave without effect Arts. 2 and 3 of Resolution SIB-OIF-II-4-94, issued by the Superintendent of Banks on 21 January 1994, insofar as concerns the prohibition preventing the manager of a Stock Exchange Firm from acting as a Stockbroker. Consequently, as from this resolution, the managers of Stock Exchange Firms are empowered to act as Stockbrokers, provided they satisfy the requirements established to act as such.

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Resolution SIB-OIF-II-4-94Not in RegAlert · 1994Resolution SIB-OIF-II-4-94 — Not in RegAlert · 1994Reform to the Resolution onStockbrokers2000-05-10 · this documentReform to the Resolution on Stockbrokers (2000-05-10)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Amends
  • Resolution SIB-OIF-II-4-94Not in RegAlert · 1994

    “To leave without effect Arts. 2 and 3 of Resolution SIB-OIF-II-4-94, issued by the Superintendent of Banks on 21 January 1994”

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