Costa Rica: New Rules on Stock Exchange Brokerages

The Board of Directors of the National Stock Exchange, approved the new Regulation on Stock Exchange Brokerages, which was ratified by the Superintendent of Securities.

Friday, May 15, 2009


©image: Bolsa Nacional de Valores de Costa Rica

The objective of the new regulation is to provide brokerages with clear and concise rules that detail the authorization processes, partnership events (such as the rise and decline of social capital and changes in society, among others), mergers and unsubscribing the stockbrokers, as well as the rights and obligations of these stock brokers and applicable sanctions.

More on this topic

The Superintendency of Securities in Panama

May 2012

The transition of the Comisión Nacional de Valores (National Securities Commission) to the new entity has been affected by administrative and legal difficulties which are causing confusion.

The process is suffering from legal and administrative complications in the absence of a regulation in the new law regulating the securities market, which has led to administrators not making decisions nor responding to consultations, among other problems.

Costa Rica Seeks to Activate Stock Market

November 2010

A group of executives of financial institutions are working with the Central Bank in search of solutions to the stock market stagnant growth.

As outlined in the article in Elfinancierocr.com, "The team is made up of José Rafael Brenes, director of the BNV, Roberto Venegas, financial advisor and ex manager of the Stock Exchange, Lanzo Luconi, president of the National Investment Fund Company , Jose Adrian Vargas, National Treasurer, Thomas Allen, chief financial officer of Florida Ice & Farm, Lucia Fernandez, manager of IBP Pensions and Frederick Ruzicka, Mutual Valores stockbroker."

Nicaragua and Costa Rican Stock Exchanges Sign Agreement

September 2011

The partnership will allow Nicaraguan entities to access stock market information market from Costa Rica.


According to Jose Rafael Brenes, General Manager of the National Stock Exchange of Costa Rica, the goal is to facilitate access to stock and share products from Costa Rican market, through the signing of a correspondent agreement between broker members", reported Elnuevodiario.com.ni

El Salvador: Stocks Grow By 37%

February 2012

The growth in turnover for 2011 is the result of investment incentive strategies in the stock market and the operation of new mechanisms such as trusts.

An article in Laprensagrafica.com reports that "In 2011, $3.555 billion was traded on the BVES compared to the previous year when a total of $2.59 billion was traded.

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