Regulatory Alerts2011-12-02
Added · Updated
Specification Sheet on the Administration of Securities Accounts
The Financial Market Council issued this specification sheet to establish mandatory operational, technical, and internal control standards for approved intermediaries administering securities accounts. It requires these entities to maintain adequate human and material resources, implement robust IT systems with physical and logical security, and establish a permanent control manager function independent of operational units. Furthermore, the document mandates strict accounting procedures, including chronological recording, verifiable data linkage, permanent asset verification, and timely settlement reporting to ensure the security of securities holders' assets.
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