Costa Rica rings changes on investment funds
Changes in the regulations that govern Costa Rican investment funds have received a mixed reaction.
Monday, June 30, 2008
According to the financial markets regulator, Sugeval, the aim of the changes is to clarify various aspects of the existing rules, which date from 2006, on the basis of practical experience.
Measures oblige firms to have liquid assets ready to meet obligations.
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.
The decrease in the minimum asset level in Real Estate Funds to $5m encourages the undertaking of smaller real estate development projects.
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