(Tax News Reporter - Week Ended 14 January 1997)
The Federal Securities Commission (FSC) has issued provisional regulations on licensing and carrying out broker dealer activities. The provisional regulations follow a long period of uncertainty during which no new licenses were issued. Brokers and dealers that are currently operating under a licence issued by the Ministry of Finance should apply for a new licence not later than 1 October 1997.
Regulation of the Federal Securities Commission of 19 December 1996 No. 22
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15 January 1997