1. The Board of Directors shall issue regulations, instructions, rules, directives, and codes of conduct as it deems appropriate for the implementation of the provisions of Part IV of this decree-law, and to achieve the objectives of the Central Bank and discharge its functions. For such purpose, it may issue the following: a. Regulations, conditions and rules relating to licenses, granted by the Central Bank in accordance with the provisions of Article nos. (154) and (155) of this decree-law, to operators of Financial Market Infrastructures and the Settlement Institutions for such infrastructures or their Participant Persons. b. Regulations, rules and standards relating to the designation and oversight of Financial Market Infrastructures, as per the provisions of Article nos. (157) and (158) of this decree-law, monitoring operations of such infrastructures and enforcing compliance requirements on Participant Persons thereof. 2. The Central Bank may exempt operators of Financial Market Infrastructures it licenses, the Settlement Institutions of such infrastructures or Participant Persons, in a general or specific manner, from all or some of the provisions of any of the regulations, instructions, rules, directives, and controls it issues.
Interpretation and application must be checked against the official text and current version.