{"id":4115,"date":"2023-06-08T09:21:11","date_gmt":"2023-06-08T13:21:11","guid":{"rendered":"https:\/\/vouga.com.py\/?p=4115"},"modified":"2023-10-16T17:29:48","modified_gmt":"2023-10-16T21:29:48","slug":"nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv","status":"publish","type":"post","link":"https:\/\/www.vouga.com.py\/en\/nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv\/","title":{"rendered":"New instructions for Risk Rating Companies to send risk rating reports to the CNV"},"content":{"rendered":"<p>Circular CNV\/DIR No. 023\/2023 issued on May 30, 2023 by the National Securities Commission (CNV) introduces amendments to Circular CNV\/DIR No. 028\/2022 regarding the submission of risk rating reports by Risk Rating Companies and their access by the CNV. The main aspects of the Circular are detailed below:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Risk rating reports must be permanently available in digitalized format for access and\/or delivery to the CNV. This includes the working\/calculation papers and the risk matrix used, as well as the risk rating reports issued and the corresponding review report;<\/li>\n<\/ol>\n\n\n\n<p>It is important to bear in mind that the submission of the risk rating reports must be made in accordance with the form and deadlines established in the Securities Market Regulation. In this regard, said regulation mentions that the rating report for securities market entities and issues of publicly offered securities must include an executive summary, the name of the rating entity and the date of assignment of the rating. In addition, a general description of the information used in the process and the analyses performed is required.<\/p>\n\n\n\n<p>The rating information must contain the name and identification of the issuer, the date of authorization and registration with the CNV, the date of the financial background used, the rating and its rationale, including a projected cash flow and scenario analysis. Relevant comments or observations must also be provided, and, in the case of an issue, the series of the security must be indicated and the characteristics of the issue must be described. Likewise, the ratings and their updates must be sent by the Rating Agency to the issuing entity, the CNV and the Stock Exchange within 2 business days after their assignment. Brokerage Firms must make available to the public the ratings of the securities traded with them, as well as their updates.<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li> The obligation to submit the risk matrix format used in a spreadsheet is established. This applies to ratings made through \"cloudCNV\".<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-space-between is-layout-flex wp-container-core-buttons-is-layout-5e5b46d1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 botonblog is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-vivid-red-color has-white-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/vouga.com.py\/wp-content\/uploads\/2023\/06\/VOUGA_CNV-DIR-No-023-2023-ENG.pdf\" style=\"border-radius:0px\">Download<\/a><\/div>\n\n\n<\/div>","protected":false},"excerpt":{"rendered":"<p>La Circular CNV\/DIR N\u00ba 023\/2023 emitida en fecha 30 de mayo de 2023 por la Comisi\u00f3n Nacional de Valores (CNV) introduce modificaciones a la Circular CNV\/DIR N\u00ba 028\/2022 respecto a la remisi\u00f3n de los informes de calificaci\u00f3n de riesgo por parte de Sociedades Calificadoras de Riesgo y su acceso por parte de la CNV. A [&hellip;]<\/p>","protected":false},"author":6,"featured_media":3901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":3,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nuevas instrucciones para las Sociedades Calificadoras de Riesgo para el env\u00edo de informes de calificaci\u00f3n de riesgo a la CNV - Vouga Abogados<\/title>\n<meta name=\"description\" content=\"La Circular CNV\/DIR N\u00ba 023\/2023 emitida en fecha 30 de mayo de 2023 por la Comisi\u00f3n Nacional de Valores (CNV) introduce modificaciones a la Circular CNV\/DIR N\u00ba 028\/2022 respecto a la remisi\u00f3n de los informes de calificaci\u00f3n de riesgo por parte de Sociedades Calificadoras de Riesgo y su acceso por parte de la CNV.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vouga.com.py\/en\/nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuevas instrucciones para las Sociedades Calificadoras de Riesgo para el env\u00edo de informes de calificaci\u00f3n de riesgo a la CNV - Vouga Abogados\" \/>\n<meta property=\"og:description\" content=\"La Circular CNV\/DIR N\u00ba 023\/2023 emitida en fecha 30 de mayo de 2023 por la Comisi\u00f3n Nacional de Valores (CNV) introduce modificaciones a la Circular CNV\/DIR N\u00ba 028\/2022 respecto a la remisi\u00f3n de los informes de calificaci\u00f3n de riesgo por parte de Sociedades Calificadoras de Riesgo y su acceso por parte de la CNV.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vouga.com.py\/en\/nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv\/\" \/>\n<meta property=\"og:site_name\" content=\"Vouga Abogados\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-08T13:21:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-16T21:29:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vouga.com.py\/wp-content\/uploads\/2023\/03\/VOUGA_-Informativo-Planillas-laborales-03-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1113\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Contenido\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contenido\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vouga.com.py\/nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv\/\",\"url\":\"https:\/\/www.vouga.com.py\/nuevas-instrucciones-para-las-sociedades-calificadoras-de-riesgo-para-el-envio-de-informes-de-calificacion-de-riesgo-a-la-cnv\/\",\"name\":\"Nuevas instrucciones para las Sociedades Calificadoras de Riesgo para el env\u00edo de informes de calificaci\u00f3n de riesgo a la CNV - 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