Regulatory Alerts2025-06-11
Added · Updated
Modifications to the Securities Market Regulations Regarding Investment Funds - Articles 162, 216, 219 and 314 on Share Value, Portfolio Integration and Composition, and Reporting Frequency by Fund Administrators
The Superintendence of Financial Services amends Articles 162, 216, 219, and 314 of the Securities Market Regulations to modify the valuation and reporting requirements for closed-end investment funds. Closed-end funds with portfolios composed of at least 75% liquid assets, as well as all open-end funds, must maintain daily updates of share value and portfolio composition, while closed-end funds with less than 75% liquid assets must update this information monthly, with a possible extension up to six months if justified and established in the fund's regulations. The resolution also clarifies portfolio integration analysis timing, standardizes share characteristics, and updates accounting and management information reporting periodicities for fund administrators.
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