The Paraguayan capital markets began operating in 1993 and to promote capital markets development in an equitable, efficient and transparent way; various new legal instruments were implemented.

The rationale of the Paraguayan legislation is to create a legal and regulatory framework to assure capital markets development supported and based on reliable and accurate information. Hence, legislation and regulations on market participating companies seek to accurately regulate the information that issuers and offering entities or corporations shall provide on their legal, economic and financial situation, on the securities to be issued and about the information that should be released in their public offering.

Careful consideration is given to the use of privileged information, avoiding the possibility of conflicts of interest and price manipulation.