The measure was provided for in CNV General Resolution No. 1005/2024. “The initiative responds to the need to update current regulations,” the organization stated.
The National Value Commission (CNV) incorporated the possibility of carrying out operations in the Future Markets on indices based on assets regulated by this Commission and, therefore, included in the definition of negotiable securities provided for in the Capital Market Law.
The measure was established in the CNV General Resolution N°1005/2024 published in the Official Gazette. There are established the minimum requirements that must be met to request authorization of the aforementioned option contracts by the Agency.
What operations may be carried out on these securities?
Among the operations that may be carried out on these securities, on the one hand, the cash operations and, on the other, the forward operations.
Within the cash operations can be held: 1) sale uncovered and 2) sales in short. While within the forward operations included: 1) firm term; 2) of pass; 3) surety; 4) loan of negotiable securities; 5) of futures contracts; 6) of options contracts.
According to the organization, “The initiative responds to the need to update current regulations regarding derivative instruments and achieve a modern and transparent framework that contributes to the development of the capital market and the country’s economy”.
Source: Ambito
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