This post was translated. See the content in its original language here.
The National Securities Commission (CNV) made progress in consolidating the promotion of its new collective investment instruments for real estate development with the signing of agreements with the Business Chambers of Urban Developers (CEDU), Argentina de Construcción (CAMARCO) and the Association of Housing Entrepreneurs (AEV) and Argentina of Common Investment Funds (CAFCI).
Both agreements, endorsed by the president of the CNV, Adrián Cosentino, are framed within the objective of stimulating structures that promote investments to encourage the reactivation of the real economy, boost specific activity and generate employment.
On behalf of CEDU, its owner, Damián Tabakman, signed for CAMARCO, its president, Néstor Iván Szczech, while for the Association of Housing Entrepreneurs of the Argentine Republic (AEV), its general secretary, Carlos Spina.
CAMARCO is the largest construction business union in the Argentine Republic, with delegations in all provinces and more than 1,300 active companies, while the non-profit civil association CEDU brings together developers and leaders of housing in the national territory. AEV brings together developers, marketers, construction companies, financial and stock market entities linked to the activity.
Meanwhile, the head of CAFCI, Valentín Galardi, agreed with Adrián Cosentino to work together in the development of mutual investment funds to inject into the real estate sector, after having actively intervened in the procedure of “Participatory Preparation of Standards”, with proposals and opinions to create a special regime of Collective Investment Products for the sector, which was approved as RG 855-20.
All parties undertook to provide inter-institutional collaboration with a view to coordinating efforts to develop financial structures and collective investment products of the capital market that generate projects with high economic impact, as well as carry out agreed actions aiming at analysis, development, promotion and dissemination of such instruments.