Circular Rubros no comprendidos en otros Ordenamientos - RUNOR 1 - 17. Minimum Capital of Exchange Houses and Agencies

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 410 17/11/83
TO FINANCIAL ENTITIES, EXCHANGE HOUSES, AGENCIES AND OFFICES AND EXCHANGE BROKERS:
Ref.: Circular RUBROS NOT INCLUDED IN
OTHER REGULATIONS - RUNOR - 1 - 17.
Minimum capital of exchange houses and agencies.

We address ourselves to you to inform you that this Institution has resolved to replace the text of point 1.3.4.1. of Chapter XVI of Circular RUNOR - 1 (Communication “A” 90), with the following:

“ The minimum capitals will be adjusted semi-annually on June 30 and December 31 of each year applying the percentage variation that occurs in the last month of each calendar semester with respect to the last month of the previous semester, in the wholesale price index, general level, prepared by the National Institute of Statistics and Censuses.”

The preceding rule has been in effect since the update of minimum capitals on June 30, 1983 inclusive.

We will timely send you the corresponding sheet with the ordered text.
We greet you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Néstor J. Taró
Manager of Standards for
Financial Entities
Daniel E. de Pablo
Deputy General Manager
ANNEX