On March 8, 2019, the National Securities Commission (CNV) has issued Resolution CNV CG No. 1\/19 \u201cGeneral Regulations of the Securities Market\u201d, which is intended to regulate Law No. 5810\/17 \u201cSecurities Market\u201d; Law No. 5452\/15 \u201cWhich regulates Equity Investment Funds\u201d; Law No. 1163\/97 \u201cWhich regulates the establishment of Commodities Exchanges\u201d and its amendment, Law No. 5067\/2013; and Law No. 3899\/09 \u201cWhich regulates risk rating and the operation of Risk Rating Companies\u201d.<\/p>\n\n\n\n
The resolution establishes the criteria that determine the quality of qualified investors as well as institutional investors. It also contains provisions regarding the incorporation, organization, operation and registration in the CNV Registry of stock exchanges, brokerage firms, mutual fund management companies and mutual funds managed by them, and risk rating agencies. With respect specifically to brokerage firms, the regulation regulates both stock exchange and over-the-counter operations.<\/p>\n\n\n\n
The regulations issued by the CNV also contain provisions regarding the registration of issuers (SAE, SAECA, SMEs, multilateral organizations, foreign issuers) as well as the requirements for the registration of securities issues (debt securities, mortgage bonds or bills, subordinated bonds, stock market bonds, shares).<\/p>\n\n\n\n
It should be noted that the general regulations incorporate rules applicable to the incorporation, organization, operation and registration with the CNV of commodities exchanges and a special regime for the exercise of the activity of commodities brokers.<\/p>\n\n\n\n
Likewise, the regulation establishes guidelines that regulate the transparency regime of the securities market and includes provisions on corporate governance applicable to the entities supervised by the CNV, not to mention those related to the activity of external auditors.<\/p>\n\n\n\n
It is important to highlight the relevance of this resolution, since it reflects a regulatory update that will give greater impetus to the development of the Securities Market in Paraguay.<\/p>\n\n\n\n
For further information regarding the regulations issued by the CNV, please do not hesitate to contact Cynthia Fatecha (cfatecha@vouga.com.py<\/a>), Carlos Vouga (cvouga@vouga.com.py<\/a>) or Georg Birbaumer (gbirbaumer@vouga.com.py<\/a>). <\/p>","protected":false},"excerpt":{"rendered":" En fecha 8 de marzo del 2019, la Comisi\u00f3n Nacional de Valores (CNV) ha dictado la resoluci\u00f3n CNV CG N\u00b0 1\/19 \u201cReglamento General del Mercado de Valores\u201d, que tiene por finalidad reglamentar la Ley N\u00b0 5810\/17 de \u201cMercado de Valores\u201d; la Ley N\u00b0 5452\/15 \u201cQue regula los Fondos Patrimoniales de Inversi\u00f3n\u201d; la Ley N\u00b0 1163\/97 […]<\/p>","protected":false},"author":1,"featured_media":5945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":2,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n