RegAlertRule · BCRA · 29 Oct 1993 · A 2155
Circular RUNOR 1 - 119. Participations of financial entities in pension and retirement fund administrators (A.F.J.P.)
The Central Bank of Argentina resolves that the exclusive statutory purpose of pension and retirement fund administrators (A.F.J.P.) under Article 59 of Law 24.241 constitutes a complementary service to the activity of commercial and investment banks and finance companies. Consequently, those intermediaries are authorized to hold participations in the capital of such companies, subject to the technical relations rules in force on the matter.
BANCO CENTRAL DE LA REPUBLICA ARGENTINA ______ COMMUNICATION " A " 2155 29/10/93 ______ TO THE FINANCIAL ENTITIES:
Ref.: Circular
RUNOR 1 - 119.
Participations of financial entities in pension and retirement fund administrators (A.F.J.P.) We address you to inform you that this Institution adopted the following resolution:
"- To consider that the purpose that pension and retirement fund administering companies have legally assigned exclusively (Law 24.241 - article
59) constitutes a complementary service to the activity carried out by commercial and investment banks and
finance companies.
Consequently, the aforementioned intermediaries are authorized to hold participations in the capital of said companies in accordance with the rules on technical relations in force on the matter." We greet you very attentively. BANCO CENTRAL DE LA REPUBLICA ARGENTINA Juan Carlos Isi Alfredo A. Besio Deputy Manager of Standards Manager of Standards for for Financial Entities Financial Entities
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- Permission 1
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