Uruguay establishes registration rules for offshore funds

On August 9 the Central Bank of Uruguay (BCU) enacted Circular No. 1755 containing new rules governing public offerings of offshore funds. The circular establishes that financial intermediation institutions, banking houses (casas bancarias), brokers associated with an authorised stock exchange and corporations administering offshore funds - acting through their local branches or representations - are entitled to publicly distribute such funds in Uruguay.

Unlock unlimited access to all Latin Lawyer content