The National Securities Commission created the new investment fund regime for labor ceases, which can be agreed between unions and companies in the framework of labor agreements.
The government of Javier Milei decided Advance the implementation of dismissal fundsa mechanism destined to replace compensation, in the event that it is agreed between unions and employer chambers.
The National Securities Commission (CNV) on Thursday that “the public consultation carried out through RG 1066, the CNV approved General 1071, with which a Special regime for collective investment products of labor cessation, In the terms of Decree No. 847/2024 ”.
The statement indicates that “the regulations regulates the labor cessation system, arranged by the aforementioned decree, which establishes an alternative regime agreed within the framework of collective work conventions ”.
“This system allows employers and workers replace compensation for seniority provided for in article 245 of the Labor Contract Law No. 20,744, as well as other compensation areas, ”explains the statement.
The control agency indicates that “the cease -fund system will be established through the Collective Work Agreement and must be administered through common open investment funds (“FCI”) or financial trusts (“FF”) ”.
“Likewise, Article 20 of Annex II of the aforementioned Decree establishes that the CNV will be the authority responsible for supervising and controlling compliance with these provisions,” says the statement.
In this regard, The president of the CNV, Roberto Silva stressed: “We are proud to present these regulationsthat we work together with the minister Federico Sturzenegger and the government team, and also incorporates the contributions arising from the public consultation. ”
“We believe that this proposal has potential for deeply transform the way in which compensation is implemented and agreed, at the same time it promotes the participation of institutional investors long -term in the capital market, ”said the official.
Silva said that “through these measures we promote the values of freedom in Argentina and promote the development of the capital market.”
Among the main points are:
- Quotas or fiduciary values may be defined at the individual, company or sector level.
- The parties may freely establish the percentage of the remuneration or fixed amount that the employer will provide for said individual or collective account and the periodicity of that contribution.
- The labor cessation fund will be unattachable; The instruments created under this regime may only receive subscriptions within the framework of contributions and/or contributions of employers and/or workers.
- In case of contribution by employers, quotas and fiduciary values will be assigned with suspensive condition in favor of workers, the company or the sector.
Source: Ambito
