Tuesday August 6 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Argentina
Link: http://www.cnv.gob.ar/LeyesyReg/Decretos/esp/DEC1023-13.htm
Argentina’s new Capital Law is now in effect as from 1st August 2013. As a result of the new Law, stock exchanges are to become corporations and will be regulated by the National Securities Commission.
Amongst other amendments, the new law broadens the spectrum for participating in capital markets as it eliminates the requirement of being shareholder in any of the exchanges of Argentina in order to be a broker. Any person who wants to be a broker shall request the enrolment in the registry of the National Securities Commission. The Law also declares it encourages the creation of a federally integrated market, through mechanisms for interconnecting computer systems in the several stages of negotiation.
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