Exceptions to the daily limit of $ 200 million for transfers of negotiable securities abroad are extended continuing with the removal of restrictions and flexibility.
In line with the Government that eliminated the restriction of six months of permanence for non -resident investors that access the MLC, the National Securities Commission (CNV) expanded The exceptions to the daily limit of $ 200 million for transfers of negotiable securities abroad.
Through RG No. 1068 the CNV incorporated A new exceptionfor non -residents, to the restrictions of the daily limit of $ 200 million compared to the transfers of negotiable securities to depository entities abroad.
The new exception, additional to the existing ones, establishes that the daily limit does not apply to these transfers, to the extent that it is negotiable values issued by the National Treasury with amortization- total or partial- not less than one hundred eighty (180) days from the date of their issuance and that would have been acquired in primary placement or tender, to the subscripted nominal value.
In this sense, the president of the CNV, Roberto E. Silva, stressed that “We take restrictions and promote the normalization of the capital market” He added that “We continue to remove unnecessary obstacles to the operation, it is a work that we do constantly in line with the policy of the national government and the objectives of our management.”
The minimum permanence of capital for six months is eliminated
In the previous one, and within a battery of measures, the Central Bank eliminated the restriction of six months of permanence for non -resident investors that access the MLC by primary subscription or secondary market.
It should be noted that yesterday the Finance Secretariat of the Ministry of Economy announced that it will incorporate, in the schedule of Public title tenders for 2025the modality of direct subscription in dollars. This option will be available from this month for placements with deadlines greater than one year, with a monthly limit of US $ 1 billion.
This will be both for resident, foreigners, in the latter case, in the latter without the minimum obligation.
Source: Ambito
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