Regulatory Alerts2021-08-26
Added · Updated
Regulation of Investment Management Companies and Investment Funds
The Dominican Republic's Superintendence of the Securities Market issued this regulation to establish the principles, requirements, and procedures for the authorization, registration, operation, and exclusion of investment management companies and investment funds. It defines key terms, mandates that management companies be single-purpose anonymous societies, and outlines a two-phase authorization process involving document verification and operational capacity evaluation. The regulation details specific documentation requirements, timelines for regulatory review, and internal governance standards including business plans, organizational manuals, and conduct codes.
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