LAVCA represents its members and the broader investment community on regulation and tracks critical policy issues relevant to private capital in Latin America.
-
The proposed changes will allow AFORES to investment in unlisted vehicles including private equity. (Bloomberg) Andres Manuel Lopez Obrador’s plan to let Mexico’s giant pension funds invest in more diverse…
-
The Institutional Limited Partners Association (ILPA) and Cambridge Associates (CA), with the support of LAVCA and other investment industry associations, announced their pledge to employ the term “key person” to replace…
-
Colombian Decree 2443 of 2018 , issued on December 27, will allow financial companies to invest in fintech startups, as long as the startups have no financial holdings in those same…
-
Chilean association ACVC submitted policy recommendations to the Ministerio de Hacienda to overcome obstacles to startup investment. (Economía y Negocios) Un bajo involucramiento de las grandes empresas con los innovadores…
-
The Salvadoran Superintendencia del Sistema Financiero has approved a new law regulating the authorization, registration, operation and valuation policies of investments in close-ended venture capital funds. (Equilibrium) El Comité de…
-
The Colombian government has issued a new decree specific for private equity funds. The new decree is align with international standards and best practices and provides tools to identify and prevent risks that may arise in the operation of private equity funds.
-
A presidential decree in Brazil will ease foreign investment into credit-related fintechs. Previously, financial services companies with foreign capital could only operate in Brazil by presidential decree. Now, for companies with foreign capital that are working on credit and lending, such a decree is no longer needed.
-
Colombia Studies Bill That Will Allow Financial Institutions To Invest Directly in Fintech Companies
The Colombian government published a bill that will allow financial institutions to invest directly in fintech companies.
-
The Ministry of Production of the Nation of Argentina collaborated with the National Insurance Superintendent, ARCAP, ASEA and the insurance sector to allow Argentine insurance companies to invest in startups. Now according to the Instituciones de Capital Emprendedor (ICEs) insurance companies can invest up to 1% in entrepreneurial capital funds, in addition to previously approved capital commitments to other private capital sectors (including PPPs, infrastructure, and real estate).
-
Brazil’s National Monetary Council (CMN) has updated the alternatives investment regulation for pension funds. The CNM decreased pension funds’ investment limit in private capital vehicles from 20% to 15% of assets under management, and vetoed any new direct investment in real estate assets.
-
On May 9, 2018, the Argentine Congress passed the Productive Financing Law. This law introduces significant reforms to Capital Markets Law No. 26,831 (“CML”) with the objective of achieving a modern financial regulatory framework that contributes to the development of the country’s economy.
-
A newly-passed capital markets reform bill in Argentina will loosen restrictions on some funds investing in the country. The upgrade would open the country to a wider range of more risk-averse investment funds. The bill allows closed-end mutual funds to invest in alternative assets like real estate or farmland, while requiring them to raise funds through a public offering to boost transparency, according to Reuters.
LAVCA welcomes comments, issues, or questions on PE/VC-related regulation. Contact policy@lavca.org with any inquires.