Agents have until December 16, 2025 to apply the new rules that apply to the Information Regime. The rule seeks to provide greater transparency to the financial system.
The National Securities Commission (CNV) extended until December 16, 2025 the entry into force of the rule that modified the information regime for residents and non-residents, which was to begin to apply as of January 2 of this year. The decision was made to give market players more time to adapt.
“Weighing the adaptation process that the Agents involved are carrying out in this regard and to ensure correct implementation of the provisions contemplated in the aforementioned General Resolution, it is advisable to extend its entry into force,” maintains the General Resolution 1,045, which was published this Friday by the CNV.
The rule extends for just over eleven months the entry into force of the regulation referring to the information regime applicable to Settlement and Clearing Agents (ALyCs). and Negotiation Agents (AN) regarding the investments of clients with CDI “Identification Key” or CIE “Foreign Investors Key” and who are holders and/or co-holders of client subaccounts.
What does the rule that was postponed establish?
Thus, General Resolution 1,033 (issued on December 4, 2024) established modifications to the information regime for residents and non-residents and requires that clients review, update and keep information up to date constantly, and the due diligence of the Agents, prior to processing orders and/or registering operations within the scope of the Markets authorized by this CNV.
Likewise, the Central Depository Agent for Negotiable Securities (ADCVN) must proceed to block all client subaccounts regarding which inconsistencies, errors and/or missing items have been detected in the identification data providedincluding the CUIT/CUIL, CDI or CIE, only allowing the accreditation of debts in the unaffected client subaccounts. On the other hand, the information regime for non-resident clients applicable to Collective Investment Product Administration Agents (AAPIC) and Comprehensive Placement and Distribution Agents (ACDI) was also adapted, in accordance with the provisions in force in the Permanent Information Regime. for said regulated subjects.
Finally, he ordered that the twenty-five (25) issuing companies with the highest capitalization at the end of each month calendar whose shareholder records are not in charge of a Central Depository Agent for Negotiable Securities (ADCVN) or a Registration and Payment Agent (ARYP), must send to this Commission the list of resident and non-resident shareholders, indicating country of residence , and details of their shareholdings, in accordance with its own register of shareholders.
Source: Ambito
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