Modifies The Decree Law Nâ ° 3,500 Of 1980, With The Aim Of Expanding Limits Investment In Pension Funds Abroad

Original Language Title: MODIFICA EL DECRETO LEY N° 3.500, DE 1980, CON EL OBJETO DE AMPLIAR LIMITES DE INVERSION EN EL EXTRANJERO DE LOS FONDOS DE PENSIONES

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Sole article.-introduce the following amendments to article 45 of Decree Law No. 3,500 of 1980, which set new pension system: 1) add, at the end of the number 9) ninth, tenth, eleventh and twelfth subparagraphs, respectively, following the separate dot (.), which becomes followed dot (.), the following sentence: "will not be considered for purposes of this limit, when none of their assets correspond to instruments representative of capital (((, quotas of funds investment and mutual funds referred to in the letters i) and k), or title of rates authorized under the letter K). "."

(2) Reemplazanse, twenty third paragraph, the words "twenty" and "thirty" by "thirty" and "45", respectively.

(3) replace, in twenty fourth paragraph, the text that says "these maximum limits shall be within the range from 25% to 40% of the Fund the Fund type;" 15% to 25% of the Fund for the Fund type B; from 10% to 20% of the Fund type C Fund; from 8 to 15% of the Fund for the D-type Fund", by the following:" these maximum limits shall be within the range from 25% to 45% of the Fund the Fund type; " of 15% to 35% of the Fund for the Fund type B; from 10% to 30% of Fund type C Fund; from 8% to 20% of the Fund to fund type D".