Allows The Issuance Of Debt Published By Intangible Means And Authorizes The Treasury And Other Entities In The Sector Public For The Recruitment Of Financial Hedging Instruments

Original Language Title: PERMITE LA EMISION DE DEUDA PUBLICA MEDIANTE MEDIOS INMATERIALES Y AUTORIZA AL FISCO Y A OTRAS ENTIDADES DEL SECTOR PUBLICO PARA LA CONTRATACION DE INSTRUMENTOS DE COBERTURA DE RIESGOS FINANCIEROS

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"Article 1.-adding, as follows from article 47 of Decree Law No. 1.263 of 1975, State Financial Administration Act, the following article 47 bis, new:" article 47 ° bis.-in the issuance of bonds and other debt securities public issued by the State, the Ministry of finance, by means of Supreme Decree fulfilled under the formula "by order of the President of the Republic" "" It may order that such bonds or securities issued no obligation to print titles or physical sheets that show public debt. Supreme Decree designated above must indicate, for one or more specific broadcasts, or in general, to all issues, rules, requirements and other necessary arrangements to enforce rights arising from bonds or securities issued in the form before designated, including the procedure required to transfer them.
In case the bonds or securities issued in the manner indicated in the preceding paragraph, the subscription for the Treasurer General of the Republic and the refrendacion of the Comptroller-General, demanded in articles 45 and 46 above, must be in a replica or similar bonds or securities issued, and in this way and for all legal purposes authorized and endorsed all of the bonds or securities that they integrate accordingly issued series and whose terms and conditions will be identical to that replica.
Similarly, in the case of broadcasts of bonds and securities in the way established in the preceding paragraphs, the issuer must maintain a record of annotations into account in favour of the holders of the corresponding public debt securities. The maintenance of the mentioned registry may be contracted with a third party, in the form indicating the Supreme Decree referred to in subsection first. "."