Contributed By Ferrere Abogados
Under Uruguayan regulations, derivatives are considered securities and, as such, the general rules for disclosure in publicly traded securities apply. In general, securities can only be publicly traded when such securities and their issuer are registered in the Central Bank of Uruguay. Also, issuers of publicly traded securities have periodic reporting requirements with the Central Bank of Uruguay. There are no specific rules regarding filing or reporting obligations with respect to derivatives under securities disclosure or competition laws.