Update from ASORLAC

ECRF/ CRF2016 CONFERENCE

A non - profit organization incorporated since 2010

ASSOCIATION OF THE LATIN

AMERICAN AND THE CARIBBEAN

REGISTRARS

With the cooperation of

Objective

Boosting the exchange of information on

best registry practices of member countries,

their roles and responsibilities, their

management models and technologies used

to respond to changes and trends in the

international context record.

To promote alliances and foster regional cooperation in orderto improve the efficiency and effectiveness of registrymatters and as a result, it propends to strengthencompetitiveness in the business sector.

How?

RegisterAuthorities

Members

International Cooperation

The IFC, as cooperate agency, has been supporting the work of

ASORLAC since its creation. With a view to streamline and simplify

processes in order to improve the efficiency of business records, taking

advantage of the position that the registry authorities have in each of

our countries.

We are aware that Latin America has the potentialto become an example to the world in regards toovercoming barriers in these topics, expectingbetter results for the region in next year's “DoingBusiness Report”.

By measuring through quantitative indicators on businessregulations, compared across 189 economies worldwide,the report ranks them on the “ease of doing business”index.

One of the main objectives of Asorlac is tostrengthen and harness the potential ofthe registry authorities role, in order toinfluence policy reforms and publicpolicies in each Latin American country.

This leads to better results in the areasevaluated as determinants, by the report,for the ease of doing business.

Protecting Minority

Investors

Paying Taxes

Trading Across

Borders

Enforcing

Contracts

Construction

Permits

Getting

Electricity

Registering

Property

Starting a Business

Getting Credit Resolving Insolvency

Data in Doing Business 2016 are current as of June 1st 2015.

México ranked first among

Latin America economies.Global position - 38th .

Costa Rica´s economy improved the

most in 2014/2015, achieving 6th place inthe regional ranking and 58th globally.

Latin America has Improved

Colombia is the country with the

greatest progress in Latin America whichis bridging the gap between its goal, theideal environment to create business, andits current position.

Colombia

Law 1676 / 2013

In 2013 Colombia passed animportant regulatory reform thatfacilitated and increased the financialcredit obtention to the wholecorporate sector at all levels.

This enabled businesses to grant anon possessory security right by

means of movable assets.

“Ley de Garantías Mobiliarias”

This legal reform made adeep functional redefinitionof the concept of securityon personal property,allowing greater flexibilityin using them to accesscredit. It also creates anational register ofguarantees that providetransparency, reduces thecosts, and introduces aflexible mechanism forconflict resolution. Colombia is placed as the second

best economy in getting credit

International Business

ASORLAC on behalf of the LatinAmerican and Caribbean region, asone of the four worldwide registryorganisations, participated activelyin the International BusinessRegisters Survey 2015. It was a partof the work team in charge ofmaking links between AsorlacMembers and also all the Spanishspeakers respondents.

Registers Report

The Latin American

We are still working on theproject that seeks to provideinteroperability amongnational registry authoritiesof the participating countries.

The purpose is create asearch tool to identifycompanies registered indifferent jurisdictions in LatinAmerica and the Caribbean.

Business Register Portal

What we expect …

Similar to EBR - "European BusinessRegistry" , it plans to have a singleportal connecting various registryauthorities in different countries ofthe region, which will supplystandardized, accountable and officialinformation on Latin American andCaribbean companies, their activity,location, and legal nature.

The integration of business registers

The Latin American Business

Register Portal Goals

Allow free access to certain regional commercial

information

Overcomes part of transactional barriers

in cross-border commercial business

With accurate information of regional commercial law and business register

systems, it will make it easier to find data for all users around the world

Encourages the implementation of best registry practices by instruments of cooperation

Project Challenges

Technological Regulations

Disparity

Selection of information

Plus Point: The Spanish

as common language

The Regional Public Goods Initiative

ASORLAC has presented the Latin American Business Register Portalproject to IDB, as a public good in the form of The Regional Public GoodsInitiative.

Regional Public Good:

The free access to official Latin American companies information,that is reliable, up to date, in a common language, supplied by therespective registry authorities, which will be available to any entity,company or citizen. It will provide security in internationaloperations to the economic actors, regardless of their size andeconomic power.

next stepsASORLAC

Get more register authorities associated as new members

Hold the annual General Assembly on September 30th 2016

Build and publish a document compiling the Latin American and Caribbean Best Registry Practices of the year

¡ Thank you for your attention !

Martin Fernando Salcedo Vargas

[email protected]

Contact:

[email protected]