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In Cybersecurity, Data and Tech

Argentina: ENACOM repeals ITC Services’ pricing regulations

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Through Resolution No. 13/2024, the National Communications Authority (ENACOM) repealed certain resolutions that regulated the fixing of prices of information and communication technology services. Pursuant to Decree No. 302/2024, the National Executive Power deregulated ITC Services, modifying Argentine Digital Law No. 27,078 and repealing Decree No. 690/2020, which eliminated the power of ENACOM to regulate prices. The Resolution seeks to promote the expansion of services, fostering a more competitive environment in the ITC industry.

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In AML & Financial Services Regulatory

Argentina: Modifications applicable to payment of interest on commercial and financial debt between related counterparties

by , , and 2 Mins Read

On 5 July 2024, the Argentine Central Bank issued Communication “A” 8059, introducing amendments applicable to the payment of interest on commercial and financial debt between related counterparties, to the extent that certain requirements set forth in the regulation are met.

In Employment

Mexico: Social Security Institute will require the use of digital tools through the IMSS Mailbox

by , and 3 Mins Read

On 7 June 2024, the Official Gazette of the Federation published changes to Social Security Law. The new digital “IMSS Mailbox” is mandatory for employers and will be the exclusive means for communicating with the Institute. The IMSS will issue general rules for the operation of the IMSS Mailbox within 60 days. Failing to register may mean forfeiting the opportunity to challenge adverse resolutions.

In Environment

Argentina: Tax on the Acquisition of Foreign Currency no longer applies to the imports of certain renewable energy power generation projects

by and 2 Mins Read

On 19 June 2024, Resolution No. 101/2024 (“Resolution”) was published in the Official Gazette. The Resolution established that the 17.5% Tax on the Acquisition of Foreign Currency (“Tax”) no longer applies to the acquisition of foreign currency to pay for the importation of goods to be used in the projects included in the list. The Resolution will apply to the operations carried out to acquire foreign currency as of 19 June 2024.

In Environment

Brazil: ANAC publishes resolution regulating the monitoring and offsetting of carbon dioxide emissions under CORSIA

by , and 2 Mins Read

The National Civil Aviation Agency published Resolution No. 743 of 15 May 2024, which regulates the monitoring and offsetting of carbon dioxide emissions (CO2) on international flights under the Carbon Offsetting and Reduction Scheme for International Aviation. The resolution comes into force on 1 January 2025.

In Corporate Compliance

Argentina: Recent amendments applicable to stock companies registered with the Public Registry of the Province of Buenos Aires

by 5 Mins Read

The Public Registry of the Province of Buenos Aires (Dirección Provincial de Personas Jurídicas de la Provincia de Buenos Aires or DPPJ), by means of Disposition 43/2024, issued new requirements applicable to stock corporations registered with the DPPJ in relation to the filing of financial statements, the content of the annual report, the treatment of the results for the fiscal year, the order of priority in the absorption of accumulated losses, and technical revaluations, among others.

In AML & Financial Services Regulatory

Argentina: Amendments to the regime of promotion and advice within the framework of public offering of marketable securities

by and 2 Mins Read

On 15 May 2024, the National Securities Commission (CNV) issued General Resolution No. 1002/2024 (“Resolution”), modifying the regime applicable to promotion and advice within the framework of the public offering of securities.

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