Regulatory Alerts2024-02-28
Added · Updated
Securities Market - Regulations on Public Offering Securities Issuances under Simplified Regime with Tranche Reservation
The Financial Services Superintendence replaces Article 57 of the Securities Market Norms Compilation to mandate specific minimum contents for stock exchange regulations, including rules on operator qualifications, trading operations, conflict of interest prevention, and disciplinary sanctions for market manipulation. Additionally, it incorporates Article 215.7 into the User Protection Book, authorizing issuers in simplified public offering regimes to reserve up to 50% of the total issuance amount for specific investor sectors, with pricing determined by the competitive tranche and allocation handled by the designated distribution agent.
More like this from BCU
We email you every new BCU publication the day it's published.
Topics
securities
market-abuse
Share