Regulatory Alerts2017-12-01 | NDMC-15Added · Updated
Technical Conduct Standards for Entities of the Stock Markets
The Standards Committee of the Central Reserve Bank of El Salvador issued these standards, effective February 1, 2018, to regulate stock market entities including stock exchanges, brokerage firms, and investment fund managers. The document mandates the adoption of a Code of Ethics and specific policies for managing conflicts of interest, preventing the misuse of insider information, and prohibiting market manipulation. Obligations include maintaining updated records of conflicts, implementing segregation of functions, and ensuring client interests are prioritized over entity interests.
Topics
Share