At the Inter-American Development Bank’s BankLAC–CapiLAC 2025 regional dialogue, the Dominican Republic's Superintendence of the Securities Market, represented by Superintendent Ernesto Bournigal, reviewed the sector’s regulatory build-out since the enactment of Law 249-17 and said the regulator is developing new rules on crowdfunding and investor protection. Since Law 249-17, 16 regulations and more than 20 technical and operational standards have been implemented, which Bournigal linked to market growth, including more than USD 240 billion settled by end-2024 and over 40,000 jobs generated through investment funds. Regional cooperation was also highlighted, including SIMV’s status since 2018 as a signatory to the International Organization of Securities Commissions’ Multilateral Memorandum of Understanding to facilitate information sharing aimed at tackling cross-border fraud.
Superintendencia del Mercado de Valores de la Republica Dominicana 2025-10-01
Dominican Republic's Superintendence of the Securities Market highlights post-2017 rulemaking and work on crowdfunding and investor protection rules
At the Inter-American Development Bank’s BankLAC–CapiLAC 2025 dialogue, the Dominican Republic's Superintendence of the Securities Market, led by Superintendent Ernesto Bournigal, discussed regulatory developments since Law 249-17 and announced new rules on crowdfunding and investor protection. Bournigal noted the implementation of 16 regulations and over 20 standards, contributing to market growth with USD 240 billion settled by end-2024 and over 40,000 jobs created. The regulator also emphasized regional cooperation through its participation in the International Organization of Securities Commissions’ Multilateral Memorandum of Understanding.