In addition, the possibility of agreeing on interest calculated based on financial parameters on bills of exchange and stock market promissory notes is regulated.
The Directory of the National Securities Commission (CNV) approved a new regulations that adapts the framework of action of the Markets, Clearing Houses and the Central Depository Agent for Negotiable Securities (ADCVN).
In a statement he pointed out that the regulations “reincorporates the category of Custody, Registration and Payment Agent (ACRYP), replacing the current ARYP and regarding bills of exchange and stock market promissory notes payable on demand or at a certain time in sight, RG No. 1046 regulates the provisions of Decree No. 1124/2024 on the possibility of agreeing on interests calculated based on financial parameters, prices of goods and/or reference rates, foreseeing minimum guidelines that will be established by the Markets themselves”.
In this sense, the president of the CNV, Roberto E. Silva He stated that “it is a satisfaction to have collaborated with Minister Sturzenegger and the National Government team to enable the ‘product promissory note’ and now regulate it in the capital market.” He also added that “with the reincorporation of the ACRYPs, various entities will be able to compete for the custody of individually issued negotiable securities (such as promissory notes and stock checks, among others).”
With these modifications, the ACRYPs will be responsible for the conservation, custody and payment at maturity of those individually issued negotiable securities that can be traded in the Markets.
The Markets, Clearing Houses, ADCVN and ACRYP are also enabled to carry out any other related and complementary activity, to the extent that it is compatible and is previously informed to this body.
In another order, an increase in the minimum net assets required from the ADCVN and ACRYP is determined.
Finally, modifications are incorporated to the current rules on negotiation and custody of deferred payment checks, stock market promissory notes, bills of exchange, warrants, MSME electronic credit invoices and other instruments, reflecting the aforementioned reincorporation of the ACRYPs category.
Source: Ambito
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