Superintendency of the Securities Market of the Dominican Republic (SIV) formally became a member of the International Organization of Securities Commissions (IOSCO), an entity that has 218 members and that regulates more than 95% of the world’s securities market. The joining of the organization was described as part of the Superintendency’s commitment to position the Dominican Stock Market as an efficient and transparent market, according to the best international standards.
The announcement came during the participation of SIV officials in the 43rd Annual Conference of the International Organization of Securities Commissions. The official signing of the Superintendency of the Multilateral Memorandum of Understanding on Consultations, Cooperation and Exchange of Information (MMoU) was held in the city of Budapest, Hungary. The document was signed by Gabriel Castro, Superintendent of Securities, and Paul Andrews, Secretary General of IOSCO.
The securities markets in the Dominican Republic are regulated by Law 249-17.
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El Caribe
Ministry of Securities Markets
International Organization of Securities Commissions
9 May 2018
