IPTrading wrote the Latin American and Caribbean transfer policy that opened the IPv4 market in South America. The policy allows for transfers to LACNIC, ARIN, APNIC, or RIPE members, as well as transfers due to mergers or acquisitions.
For all transfers, the LACNIC members must demonstrate a justified need for the addresses. If the recipient is out of region, the recipient’s RIR performs the needs test according to that RIR’s policy. Historically there have been few transfers in the this region, but the implementation of interregional transfers in June of 2020 has increased the number of transfers involving the address space.