On Jan. 6, ARG JST raised savings plan administrator required capital.
ARG JST issued General Resolution 1/2025 to provide for an increase in the amount of minimum capital required for savings plan administrators for specific purposes.
These companies must have a minimum capital of between $100,000,000 and $300,000,000 depending on the level and nature of the operations as of May 2025.
Highlights
New resolution implicates Resolution I08/2015, Decree 142.77/43 and amendments.
Also Articles 174 of Law 11672 (TO 2014) and 9, subsection f), of Law No. 22.315.
ARG JST considers that it is necessary to increase the requirement regarding the amount of minimum capital of those companies that raise funds from third parties.
Also to raise the limit for placing contracts and the minimum starting mobile value per subscriber, in order to adapt these amounts to current economic and financial reality.
Must have a minimum available capital of no less than one hundred million pesos ($ 100,000,000), determined in accordance with the provisions of Decree 142.277.
ARG JST also clarifies the scope of Annex A of General Resolution IGJ 08/2015.
Minimum capital of the managing entities that operate the plans regulated under Chapter IV of Annex A is set at three hundred million pesos ($300,000,000).
Clarified scope of Article 2 of chapter I of Annex A, specifying the information on which the supervisory body of managing entities must issue an opinion their share capital.
Effectiveness
Resolution 1/2025 will enter into force on day of its publication in the official gazette.
Entities with lower capital than stated in Resolution have until Apr. 30, 2025 to comply.
