RG 997 approved with the objective of extending andThe universe of eligible investments For SME Funds, it will allow the incorporation into eligible assets of up to 20% of the Fund’s net assets, Deferred Payment Checks and Promissory Notes issued or discounted for negotiation in the direct segment, by companies that are not considered “Large Companies.” in the established terms and the list published by the Federal Public Revenue Administration (AFIP).
The new regulations are added to the successive modifications that the special regime of FCI PyMes since its creation in 2008with the purpose of expanding investment possibilities and strengthening the development and growth of that economic sector.
The CNV and CAME agreed to promote SME financing
On February 22, CAME met with the CNV. The head of CAME stated that “Only 3% of everything that moves the Argentine financial world is directed to SME financing, which is a very low number.”
For his part, the president of the CNV, Roberto E. Silva said that “promote the inclusion of SMEs through concrete actions of financial education is key to the development of the capital market.”
The organization and the chamber proposed joint actions to be carried out during the year, such as holding workshops in different provinces throughout the country.
Also It was agreed to work on a training program for SMEsfocused on the instruments offered by the capital market, its scope and benefits to obtain financing.
The meeting was the starting point to reinforce the commitment between both institutions to advance the stated objectives.
In the meeting, held on Wednesday afternoon, the vice president and member of the board of directors, Patricia Boedo and Sonia Salvatierra, respectively, and the manager of International Affairs, Anahí Alujas, also participated on behalf of CNV; while for CAME it was done by the head of SME Financing and Competitiveness, Carolina Marceca.
Source: Ambito
