Approval has been given to the start of operations of Casa de Bolsa de los Trabajadores, a subsidiary of Grupo Financiero de los Trabajadores.
The stock broker will focus on both corporate and individual clients , and in a first stage, "... in electronic repo transactions, but will also venture into the sale of treasury bonds on the secondary market."
A new regulation will allow Guatemalans to buy international securities directly.
The Guatemalan Registry of Securities and Goods published regulations for the International Quotes System (SIC) which is part of the amendments to the Securities Act (Ley de Valores).
The Manager of the National Stock Exchange told the Prensa Libre that "the regulations will allow Guatemalans to buy shares in developed markets," and that for the International Quote System to start operating, “systems, contract, agreement and regulation infrastructures will have to be developed; and it will be operational in several weeks."
Ferris & Associates is a boutique law firm specialized in Business Law, Litigation and Conflict Resolution and Foreign Investmente, as well as, providing personalized services.
Operates in Costa Rica and Costa Rica
Phone: (506) 2588 2505 - (506) 2288 2245