Regulatory Alerts2017-10-13 | CD-SIBOIF-1021-1-OCT13-2017Added · Updated
Regulation Reforming Articles 21 and 29 and Annex 2 of the Regulation on the Operation of Stock Exchanges and Their Agents
The Superintendence of Banks and Other Financial Institutions reformed Articles 21 and 29, and Annex 2 of the Regulation on the Operation of Stock Exchanges and Their Agents. Stock exchanges must now maintain client files that specify agreed physical or electronic transmission methods for operational information and establish auditable mechanisms to evidence such transmissions. The duty of information was updated to require prompt responses to client requests and periodic account status updates, while Annex 2 defines the mandatory content for operation settlement slips. This regulation entered into force upon notification on October 13, 2017.
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