Wednesday July 26 2017
News Source: Global Exchanges
Focus: Foreign Investment
Type: General
Country: Argentina
Link: http://www.cnv.gob.ar/Infofinan/Comunicados/comunicadoPrensa-vu.asp?id=183
With the objective of contributing to the development of the Common Investment Funds industry, the National Securities Commission has authorised the subscription of shares in different currencies, making the offer of these financial products more efficient to the investing public.
This measure will allow a greater participation of foreign investors in national funds.
By means of RG 698, subscription is allowed provided that they guarantee the protection of the interests of the quota holders and establish the payment of redemptions in the same currency and jurisdiction where the subscription was made.
Please click on the above link for more information.