Regulatory Alerts2024-04-24 | 4067Private Issuance Procedure
The National Commission of Digital Assets mandates that issuers intending to conduct a private offering must submit prior notification along with required documentation. The Commission has a 20-business-day deadline to issue a non-objection to the proposed issuance. If the Commission fails to respond within this period, positive administrative silence is automatically applied in accordance with the Administrative Procedures Law.
Private Issuance Procedure. The procedure for the "objection" and "non-objection" of private issuances shall be governed by the provisions of Article 25 of the Regulation on the Registry of Public and Private Issuers and Issuances, which is as follows:
The issuer intending to carry out a private offering issuance must notify the National Commission of Digital Assets in advance, including the documentation established in Article 25 of the Regulation on the Registry of Public and Private Issuers and Issuances.
The National Commission of Digital Assets shall have a period of 20 business days to communicate its "non-objection" to said issuance. In the event of no response within said period, positive administrative silence shall be configured as provided by the Administrative Procedures Law.