------------------ ESP

Minimum Capital Requirements for Foreign Exchange Houses and Agencies

December 27, 2019. The BCRA has issued Communication A6850, establishing a minimum regulatory capital—defined as net worth minus subscribed capital—of 10 million ARS for foreign exchange houses and of 5 million ARS for foreign exchange agencies.

Foreign exchange houses and agencies must also post collateral of not less than 10% of their capital requirements.

Failure to meet the minimum capital requirement or to post collateral will result in license suspension for 60 calendar days.

 

Compartilo en Facebook   Compartilo en Twitter    Compartilo en Linkedin    Compartilo en WhatsApp