Regulatory Alerts2023-12-21
Added · Updated
Compilation of Pension Fund Control Regulations - Normative Modifications to Improve the Authorization Process
The Financial Services Superintendence (SSF) of Uruguay modifies the regulatory framework for Pension Fund Administrators (AFAPs) by replacing Articles 2, 3, 16, 146, 152, 152.1, 157.2, and 158 of the Compilation of Norms. These changes update minimum documentation requirements for operational authorization, establish procedures and timelines for the issuance and transfer of shares, and define new reporting obligations for accounting, shareholder registry updates, and significant shareholder events. The modifications impose specific deadlines for submitting financial statements, shareholder information, and capitalization details to the SSF and the Central Bank of Uruguay.
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