| March 12 | Capital Markets | · Notice CNV/DIR No. 012/2020: communicates that the reception of documentation from market agents and the general public will be exclusively via email: [email protected] |
| March 21
| · Notice BVPASA 21/03/2020: guarantees the continuity of BVPASA's operations, in particular of operational processes linked to securities transactions and electronic funds transfer orders for clearing, settlement and payment of transactions and maturities. Attention on the BVPASA premises is restricted until the measures set forth by the government are lifted. | |
| March 25
| Establishes the extension of the period for sending the following periodic information to the CNV: a) Annual audited financial statements as of December 31, 2019: until June 30, 2020. b) Quarterly financial statements as of March 31, 2020: until June 30, 2020. Provides for an extension until May 31, 2020 of all March, April and May 2020 deadlines for the submission of specific information required by the CNV. Notwithstanding the above, the investment fund management companies must submit the monthly information established in the General Regulation of Securities Markets. Likewise, the information required for registering agents and issuances must be submitted, as well as those information requested by the CNV at the request of the Public Ministry, the Courts, the Comptroller General Office and other jurisdictional bodies. Establishes an extension until August 31, 2020 for registration maintenance and inspection fees for the year 2020. | |
| March 27
| Approves a temporary and extraordinary regime for companies (SAE or SAECA) to issue short-term notes to meet their working capital needs and to restructure debt. a) The application for the Global Notes Program can be submitted until August 26, 2020. b) The issuance and placement of the series of the notes can be made until August 31, 2020. c) The maturity of the notes will be of 360 days. d) The application for the Global Notes Program and the required documents are submitted electronically. e) SAEs or SAECAs that have a valid risk rating are exempt from having a risk rating for the Global Notes Program. f) SAEs or SAECAs that do not have a valid risk rating must obtain a rating when, at the time of the issuance decision: (i) the amount to be issued, added to; (ii) issuances in circulation; exceeds (x) in relative values, 100% of the net assets of the SAE or SAECA, or (y) in absolute values, USD 2 million. g) SAEs and SAECAs are exempt from paying the fee for registering the Global Notes Program. |
