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The Securities Market Superintendency (SMV) has changed the regulation of the alternative securities market (MAV), to incorporate new flexibilities and to continue to promote its development as alternative financing and investment among the market agents. ] 7/26/2018
Approved amendments include the extension of the number of consecutive fiscal years from three to five years that must be taken into account to determine whether the company meets the conditions for continue in the VAC scheme.
Resolution No. 023-2018-SMV / 01 also states that the restriction is removed for issuers who, in the past, would have had shares listed on an organized market under the general regime, which may list their shares. securities in the VAC, access to more flexible requirements and obligations.
The risk classification is recognized as optional for the issuer provided that the offer is only addressed to institutional investors.
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