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Press Releases | 28 October, 2009 [ 10:08 ]

Chile, Colombia, Peru Sign Accord for Securities Regulation


Bloomberg
James Attwood


Chile, Colombia and Peru signed a memorandum of understanding to work on the integration of securities regulation to enable cross-border trading.

Guillermo Larrain, Chile’s chief regulator, announced the accord at a press conference in Santiago today with Nahil Hirsh and Jorge Castano from the regulators of Peru and Colombia, respectively.

The countries’ three securities exchanges signed an agreement Sept. 8th formalizing their intention to integrate operations by the end of next year.

The exchanges seek to increase liquidity and attract investment by allowing cross- border stock trading, while remaining independent entities.

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