Regulatory Alerts2016-03-31 | DOF 5431507Added
Resolution modifying the general provisions applicable to companies that administer systems to facilitate securities transactions
The National Banking and Securities Commission amends the General Provisions applicable to companies administering securities transaction systems to introduce special rules for block trades, allowing deferred disclosure to promote price formation and market transparency. The resolution mandates that these companies implement audit trail systems, submit quarterly compliance reports within five business days, and immediately notify price providers of any disclosed errors or omissions. It also requires the submission of block trade policies and guidelines within five business days of the resolution's entry into force and contract adjustments within six months.
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