Regulatory Alerts2022-08-09
Added · Updated
Regulation No. 74 of 09.08.2022 on Requirements for the Activities of Market Operators
The Commission for Financial Supervision issued Regulation No. 74 to establish strict requirements for the suitability, competence, and integrity of the management and supervisory bodies of market operators. The regulation mandates comprehensive policies regarding time commitment, conflict of interest management, diversity, and ongoing training for board members. It also introduces specific rules for outsourcing cloud computing services and sets transitional deadlines for compliance with these new governance standards.
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