SUPERVISION OF SECURITIES TRANSACTIONS IN ARUBA
New Ordinance entered into force on 1 January 2017
The Aruba National Ordinance on the Supervision of Securities Transactions (Landsverordening toezicht effectenverkeer; NOSST) entered into force on January the 1st, 2017. With this National Ordinance, a licensing obligation is introduced for stockbrokers, asset managers, investment institutions, managers of investment funds, and operators of a stock exchange, and ongoing supervision on the same.
The Central Bank of Aruba decides on any market access of stockbrokers, asset managers, investment institutions, managers of investment funds, custodians and (operators of) stock exchanges, and supervises them (Section 3 NOSST).
It is forbidden to operate in …
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