Capital Markets In Argentina - Listing

Pursuant to BCBA regulations, Argentine and foreign corporations must comply with the following general requirements in order to list their stock on the BCBA: (i) The corporate purpose, capital and financial status of such corporations must permit access to stock exchange markets; (ii) their administrative organisation must allow them to comply with all BCBA regulatory requirements; (iii) stock to be listed must all have the same par value; (iv) compensation to the board of directors may not be made with corporate stock. Foreign corporations with stock listings on foreign exchange may obtain a waiver of some these requirements, provided that such foreign stock exchanges do not impose additional requirements on corporations whose stock is authorised for listing on the BCBA.