10/29/2020 8:56 AM
Clarín.com
Economy
Updated 10/29/2020 9:21 AM
The National Securities Commission wants to know in real time who is operating, buying or selling what asset, and through which authorized operator.
With this information, in addition to controlling the purchase and sale of stocks and bonds, it is possible to identify
who is doing dollar exchange operations and counted with liqui
, which allow foreign currency to be obtained in the country and abroad.
This was made known to the financial market through resolution 864 known on Wednesday.
In this sense, the CNV determined that “the markets must send to the Commission, to the monitoring system,
in real time,
the complete data of each one of the operations that are registered in their computerized trading systems, including the identity of the registering agents and clients (buyers and sellers) participating in them, as well as sending the complete data of the clients and their joint owners, having to comply with each and every one of the technical specifications established by this Commission ”.
The regulatory authority also determined that “at the close of the market, the Markets must submit the
complete data of all the purchase and sale offers
that are made in the respective markets, thus detailing the orders received from their constituents in all species and current operations, as recorded in their respective trading systems.
The regulations of the CNV thus advance on the increasingly close surveillance of what happens within the financial market.
CNV resolution: new controls
Days ago it was made public, and no official denied it, that there were directly
telephone calls to the main
market
operators
to stop them from carrying out public securities operations whose ultimate purpose is to
obtain foreign currency in accounts located outside the country.
The Government considers that
financial repression
is a useful tool to attack the strong exchange rate distortions that only reflect the obvious macroeconomic inconsistencies in the economic course that the Government is maintaining.
It is true that little by little the economic team, in tune with a claim from the International Monetary Fund, is trying to adjust certain variables, such as lowering financing with the issuance of pesos, and looking for more money in the financial market.
In the middle, the Government tries to put pressure on the financial market operators, through informal telephone calls and through formal means of new demands for information on what customers do.
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