On January 29, the Stock Market Superintendency (SMV, for its acronym in Spanish) updated, through Resolution No. 002-2020-SMV/01, the Regulation on the Lima Stock Exchange to include a greater number of foreign securities in the Table of Reference Securities. These must meet the minimum conditions necessary, compatible with the performance of stock exchange reporting and lending operations. The regulation will be in force as of January 30, 2020.
The measure modifies the methodology used to calculate the Reference Securities Table, introducing a new selection procedure for foreign securities registered at the request of the Promoter Agent or the Lima Stock Exchange S.A.A., listed in certain foreign markets. In turn, the SMV also provides that such securities “may not be subject to short sales.”