IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 21 Feb 2011 | Removal date: open ended

FDI: Entry and ownership rule

On 21 February 2011, the Argentine insurance regulator tightened the rules under which foreign firms may operate in the domestic reinsurance market.
 
Under the new regulation, foreign-owned firms are requiered to establish a local subsidiary that is subject to Argentine law with a capital of at least AR 20M (approximately $5M)

AFFECTED COUNTRIES

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