public policy

Brazil’s Congress voted in favor of a Pension Overhaul Bill in a first-round vote.  It can take 45 to 60 days for examination at the Senate to conclude its own…

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…

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.

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.

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…