LAVCA represents its members and the broader investment community on regulation and tracks critical policy issues relevant to private capital in Latin America.
-
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.
-
By Gwen McLaughlin, Director, Private Equity, Trident Trust (Cayman Islands); Nick Bullmore, Partner, Carey Olsen (Cayman Islands); Adam Bathgate, Counsel, Carey Olsen (Cayman Islands) On October 2, 2017 the Cayman…
-
Mexico’s lower house of Congress has approved a bill to regulate fintech startups.. The law will provide regulatory certainty around issues such as crowdfunding, payment methods and rules surrounding cryptocurrencies…
-
Mexico’s National Commission of Savings Systems for Retirement (Comisión Nacional del Sistema de Ahorro para el Retiro), CONSAR is seeking to increase Mexican pension fund’s, known as Afores, investment limits…
-
The Argentina Data Protection Agency (Dirección Nacional de Protección de Datos Personales or “DNPDP”) posted online a draft bill for a new data protection act. The changes introduced by the…
LAVCA welcomes comments, issues, or questions on PE/VC-related regulation. Contact policy@lavca.org with any inquires.