) finance companies; (3) credit foncier companies; (4) securities companies; (5) other juristic persons as prescribed by the SEC. A proposed project must be submitted together with an application for the
. SECTION 89/8 In performing duty with responsibility and due care, a director and an executive shall act in the similar manner as an ordinary person undertaking the like business under the similar
. “derivatives broker” means any person who, in the ordinary course of business, engages or holds himself out to the general public as being ready to engage as an agent in the business of trading in derivatives
has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which management is conducted as an ordinary course of business
is conducted as an ordinary course of business, in consideration of a fee or other remuneration, excluding the management of investment as specified in the notification of the SEC. 3 indicated
under this Royal Enactment have the characterization of those of finance or credit foncier businesses, the special purpose juristic person shall be entitled to engage in those operations without a license
granted by the SEC. Section 14. If the operations of the special purpose juristic person under this Emergency decree have the characterization of those of finance or credit foncier businesses, the special
project unless a relaxation is granted by the SEC. Section 14. If the operations of the special purpose juristic person under this Emergency decree have the characterization of those of finance or credit
management is conducted as an ordinary course of business, in consideration of a fee or other remuneration, excluding the management of investment as specified in the notification of the SEC. SECTION 4. The