Firstly, can you give us an idea of the type of work your team has done recently? 

Regarding the company’s recent projects, it is worth noting that as part of the strategic partnership established with the Santiago Stock Exchange, the legal and compliance division of BVRD played a proactive role throughout 2022. They effectively engaged in the necessary legal actions to fulfil all obligations arising from the aforementioned partnership. This successful effort led to the official integration of the mentioned company as a shareholder and a strategic ally of BVRD. As a result, we are now equipped to provide one of the most esteemed stock exchange platforms in the region. This platform caters to both current and future demands of the market concerning asset trading and performance. This accomplishment sets the stage for the ongoing advancement of the technological and operational aspects of the securities market in the Dominican Republic. 

During that same year, the legal department fulfilled the requirements set forth by the National Securities Market Council to secure the official registration of BVRD as an Administrative Company of Centralised Trading Mechanisms. This accomplishment was a response to the corporate adjustments necessitated by the Regulations of Application of the Securities Market Law. As a result of this effort, the company obtained the Securities Market Registration Certificate, validating the registration, as well as a Certificate confirming the registration of the centralised trading mechanism, known as the Stock Exchange. Aligned with the Institutional Strategic Planning for the upcoming five years, we collaborated with the company to develop legal and regulatory strategies. These strategies are geared towards facilitating the implementation of activities outlined in the plan, each within its designated timeframe. Lastly, we are in the process of revising the company’s internal regulations to align with significant and influential regulatory changes that impact the company. This initiative aims to reinforce areas related to corporate governance and other pertinent matters.
 

How do you keep up to date with changes in laws and regulations relevant to your organisation’s industry?  

As laws and regulations progress, professionals must also advance their knowledge and practices. It is imperative to remain well-informed about the changes occurring in the laws and regulations within the national securities market. For BVRD, the legal and compliance team is constantly updated concerning regulatory modifications. We actively engage in internal training courses, educational programs, workshops, and discussions provided by the superintendency of the securities market as well as other market participants. Moreover, our legal team has its own dedicated compliance unit, which oversees and confirming BVRD’s adherence to regulations. This unit also ensures that the company remains informed of regulatory changes in accordance with established laws and regulations. This includes staying updated on rules undergoing public consultation and general guidelines issued by the regulatory authority.
 

What is a cause, business related or otherwise, that you care about, and why? 

On a global scale, particularly within the domain of the stock market, technology assumes a significant role. It stands as the driving force of economic advancement across both local and global capital markets. Nevertheless, there are still many issues that need to be evaluated. It is important to be critical so that this same technology does not become a risk, as a result of third parties misusing it to the detriment of progress, stability, and security that is currently enjoyed by the local and international stock markets. Therefore, it is important to stay up to date about the latest trends, to ensure the protection of investor interests and the continuous growth of the securities market.