The National Securities Commission (CNV) relaxed the restrictions that fell on holders of UVA mortgage loans when carrying out operations on the MEP dollar or also called financial.
As reported, the main change is that, with this measure, Debtors who want to convert their pesos to dollars will be able to do so in the market without having to wait 24 hoursas established until now by the parking.
In addition, it is established that as of June 10 These types of operations will be exempt from the prior information regime (commonly called scheduling) of operations five days in advance.
They will also be removed restrictions on sales against foreign currency in cases of having open financing via sureties, repos and/or any type of financing through operations in the capital market.
In this way, those who have taken this type of credit, whose update is tied to inflation, Now they will be able to use the pesos obtained with the loan to buy dollars in the local capital market (MEP) and meet their obligationswithout the restrictions that weigh on other purchases of financial dollars.
They make the restrictions more flexible for holders of UVA credits: “The development of credit is very important”
Roberto Silva, the president of the CNV, highlighted in this regard: “The development of mortgage credit is very important for Argentines and also for the capital market. Through RG 1004, UVA mortgage loans are exempt from parking and some other regulatory obstacles in order to make operations viable.”
The organization specified that, based on the new regulations, stockbrokers must verify compliance with the established conditions before managing MEP dollar operations, keeping the supporting documentation in the respective client files.
With information from TN and Scope
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