Special Regime for Andean Regional Issues

In the framework of the CAF strategy of developing financial markets, the Vice Presidency of Development Strategies, with the support of the Colombian consulting firm Sanmiguel-Petro Asociados, presented on May 17 the final version of the "Special Regime for Andean Regional Issues" to the Vice Presidency of Finance and the Investment Banking area.

May 18, 2004

Special Regime for Andean Regional Issues

The proposed regulations, prepared by technical staff from the security regulatory agencies in the region, is intended to initiate the process of creating the Andean Regional Stock Market, establishing uniform requirements to facilitate securities issues at regional level.

The regional regulators will sign an agreement in the near future to incorporate this regime into their national securities regulations.