The Bolsa de Valores y Productos de Asunción S.A. (BVPASA) has issued, with the prior approval of the Comisión Nacional de Valores (CNV), the following resolutions:
1. Resolution BVPASA No. 1878/19, which establishes the Regulations of the Bolsa de Valores y Productos S.A. as an Institution authorized to keep the Register of Deeded Shares.
2. Resolution BVPASA No. 1879/19, which establishes the Operating Regulations of the Bolsa de Valores y Productos de Asunción S.A. for the registration, deposit, custody, trading, clearing and settlement of dematerialized shares.
With the issuance of the aforementioned regulations, the Electronic Register of Book-Entry Shares of the BVPASA was authorized by the CNV to keep such register, and the Sociedades Anónimas Emisoras de Capital Abierto (S.A.E.C.A.) may proceed with the dematerialization of their shares, which will be represented by book entries, through their dematerialized issuance in the primary market or through the conversion of the physical or paper securities into book entries.
The aforementioned resolutions are evidence of a regulatory update that will strengthen the Paraguayan Securities Market, therefore it is important to highlight their issuance.
It is worth mentioning the active participation of Cynthia Fatecha, member of Vouga Abogados, in advising the Bolsa de Valores y Productos de Asunción S.A. in the issuance of the aforementioned resolutions.
Please find attached Resolutions N° 1878/19 and 1879/19 of the Bolsa de Valores y Productos de Asunción S.A., and if you have any questions or require clarification, please do not hesitate to contact Cynthia Fatecha (cfatecha@vouga.com.py).
