On Jun. 22, URY CB issued rules to protect investors on use of global accounts.
URY CB updated rules on global accounts used by securities intermediaries to enhance investor protection, improve disclosure quality, strengthen regulatory oversight.
Follows Jun. 2026 URY CB rules global accounts by sec. intermediaries, #303711.
Document dated Jun. 22, 2026, was received on Jun. 25 due to a fixed feed.
Global Accounts Use Framework
New restrictions prohibit negative balances per client and prevent use of client assets to meet obligations of intermediaries or third parties entirely.
Global accounts held abroad must be maintained in regulated, supervised financial institutions to ensure appropriate safeguards, oversight standards consistency.
Additional requirements apply to higher risk operations, including margin accounts, which must remain segregated, subject to specific controls, safeguards frameworks.
Intermediaries must clearly explain account functioning, risks, obtain informed consent, while providing monthly statements with expanded information.
Introduces penalties for noncompliance, aligns with consultation feedback, supporting transparency, investor confidence, ongoing regulatory adaptation to market evolution.
Effectiveness
Institutions have 180 days to comply with the provisions contained in Resolution 2026-295, unless a different timeframe is established in the specific article itself.
