The Office of the National Superintendent of Securities (SUNAVAL) has authorized the Decentralized Stock Exchange of Venezuela, S.A. (BDVE) to act as a decentralized stock exchange as of 19 January 2021 (“Guidelines“),1 after the trial period of 90 days under Guidelines No. 146.
The Guidelines approved: (i) BDVE’s Regulations and Operations Manual;2 and (ii) authorized and instructed BDVE to publish the following through its website, mobile applications and social media:
- information regarding operations and online transactions efficiently and in real time
- its manuals, internal rules, regulations, operations manuals, process documents and digital prototypes of examples of operations
For more information regarding BDVE, please consult Baker McKenzie, “Venezuela: The Securities Authority authorized the operation of a decentralized electronic stock exchange for 90 days” on https://bakerxchange.com/rv/ff006a8213cbc4dbcd5a0a953248a802683dad4d/p=7811295.
1 Guidelines No. 306 of 30 December 2020 (Official Gazette No. 42,050 of January 19, 2021).
2 V. https://s3.eu-central-1.amazonaws.com/docs.bdve.io/Reglamento-BDVE.pdf; https://s3.eu-central-1.amazonaws.com/docs.bdve.io/Manual-Operaciones-BDVE.pdf.