Belarus’ FinMin proposes halving minimum equity capital of brokerage companies
<p> MINSK, Aug 14 - PrimePress. The Finance Ministry of Belarus has prepared a draft resolution, which provides for relaxing financial adequacy requirements for professional securities market participants engaged in brokerage activities. The ministry suggests reducing the minimum equity capital of brokerage companies by 2 times compared to the current requirements – down to 5 thousand basic units (Br137.5 thousand, $55.9 thousand at the rate of National Bank of Belarus), reads the draft resolution, submitted for discussion at the legal forum of Belarus. </p> <p> </p> <p> This proposal does not apply to banks and non-bank financial institutions. </p> <p> </p> <p> The organizer of the public discussion, the Ministry of Finance, invites to send in proposals for the draft regulatory act until August 24, 2020. End </p>
2020-08-15
Primepress
Belarus’ FinMin proposes halving minimum equity capital of brokerage companies
MINSK, Aug 14 - PrimePress. The Finance Ministry of Belarus has prepared a draft resolution, which provides for relaxing financial adequacy requirements for professional securities market participants engaged in brokerage activities. The ministry suggests reducing the minimum equity capital of brokerage companies by 2 times compared to the current requirements – down to 5 thousand basic units (Br137.5 thousand, $55.9 thousand at the rate of National Bank of Belarus), reads the draft resolution, submitted for discussion at the legal forum of Belarus.
This proposal does not apply to banks and non-bank financial institutions.
The organizer of the public discussion, the Ministry of Finance, invites to send in proposals for the draft regulatory act until August 24, 2020. End