The current rule establishes that if a firm accesses the exchange market, that firm, its directors and shareholders cannot carry out asset liquidation operations in foreign currency, for a period of 90 or 180 days.
He central bank He referred again to access to the exchange market and to this end he clarified that There is a rule that establishes that if a firm accesses the exchange market, that firm, its directors and shareholders cannot carry out asset liquidation operations in foreign currency, for a period of 90 or 180 days.
Thus, financial entities must include in the sworn declaration that companies sign to access the exchange market that “they did not carry out, nor did their directors and shareholders, directly or indirectly or on behalf and order of third parties, securities operations with settlement in foreign currency”they said of the BCRA.
The current standard establishes that If a firm accesses the exchange market, that firm, its subsidiary or controllers, its directors and shareholders cannot carry out asset liquidation operations in foreign currency.during a period of 90 or 180 daysdepending on the instrument, before and after accessing the exchange market.
This request to expand the sworn statement has to do with cutting a loophole to which companies, controllers, related parties, directors, shareholders who had access to the MULC and financial dollars had access.
Source: Ambito
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