URY CB Interest and Amortization

Published on: Feb 7, 2025

On Feb. 5, URY CB issued rules on charges to private securities.

  • URY CB published Communication 2025/021 regarding the interest and amortization charges on private securities, as well as an Annex detailing the steps to follow.
  • Highlights
  • As of Mar. 17, 2025, payment agents for private publicly offered securities are obliged to upload data for the payment of corporate events through the DEPO/X system.
  • This obligation only involves entering data, URY CB is responsible for actual payment.
  • Those payment agents who have access to the DEPO/X system are recommended to start loading their payments without delay to resolve any problems that may arise.
  • Those who do not have access to DEPO/X are advised to make relevant arrangements.
  • The upload on the web does not exempt submission of information to the Payment System Area, as established in Communication 2024/122 of Jun. 2024, see #195036.
  • Failure to comply with time for communication to Payment System, as well as with the entry of data for payment by URY CB, will result in the charging of a commission.
  • 1000 UI, which will be debited from the current account of the payment agent.
  • Effectiveness
  • Requirement enters into force on Mar. 17, 2025.
Regulators
URY CB
Entity Types
B/D; Bank; IA; Inv Co
Reference
Com 2025/021, Annex, 2/5/2025
Functions
Compliance; Legal; Registration/Licensing; Reporting
Countries
Uruguay
Category
State
N/A
Products
Banking; Deposits; Fund Mgt; Payments; Private Placements; Securities
Rule Type
Final
Regions
Am
Rule Date
Feb 5, 2025
Effective Date
Mar 17, 2025
Rule ID
242745
Linked to
Reg. Last Update
Feb 5, 2025
Report Section
International