LatAm glossary

Secondaries glossary — Latin America

Region- and country-specific terms that come up when actually doing a secondary transaction in Brazil, Mexico, Colombia, Chile, or Argentina — regulators, corporate forms, tax concepts, and deal structures. For general secondaries vocabulary, see Secondaries Explained.

Brazil

CVM (Comissão de Valores Mobiliários)View term →Ltda. vs. S.A.View term →Instrução CVM 88View term →

Mexico

CNBV (Comisión Nacional Bancaria y de Valores)View term →S.A.P.I. (Sociedad Anónima Promotora de Inversión)View term →

Colombia

SFC (Superintendencia Financiera de Colombia)View term →S.A.S. (Sociedad por Acciones Simplificada)View term →Ganancia ocasionalView term →

Chile

CMF (Comisión para el Mercado Financiero)View term →SpA (Sociedad por Acciones)View term →Presencia bursátilView term →

Argentina

CNV (Comisión Nacional de Valores)View term →Delaware flip / offshore holdcoView term →Cepo cambiarioView term →

Regional

Tag-along / drag-along rightsView term →ROFR (right of first refusal)View term →Continuation fund (LatAm)View term →Dedicated secondaries fundView term →