The National Securities Commission (CNV) approved the General Resolution 1072/2025 by means of which the public offer regime with automatic authorization of actions for small and medium enterprisesin cases categorized as low and medium impact.
The measure that is published in the Official Gazetteallows access to the public offer of shares to small and medium enterprises by up to $ 1,514 million in a first offer.
“The standard incorporates a specific regulation for the public offer with automatic authorization of shares, which will allow RSmAvst the costs involved in the process of opening the share capital, and also simplify the process of access to the public offer regime, incorporating 2 special regimes, ”said the CNV.
Both modalities are applicable to the offer of actions that, due to their low or medium impact, can be exempted, totally or partially, of the obligations applicable to the participants in the public offer regime; But that, at the same time, can be considered as public offers that have automatic authorization from the CNV.
“We have sanctioned the definitive norm of automatic approval of actions, in line with the simplification and flexibility that promotes the Minister Federico Sturzenegger and The National Government, ”he said The president of the CNV, Roberto Silva.
“This regulation creates two new simplified regimes and Open new opportunities for companies that take their first steps in the capital market facilitating capital opening, ”he explained.
The official also stressed that “We are proud to continue at a firm step with flexibility within the capital market, This time of actions, after having enabled other financial instruments such as negotiable, trusts and common investment funds. ”
Issuers will be able to access the Public offer regime with automatic authorization either because of its bass or medium impact, when emissions meet certain requirements regarding the maximum amount of the offerwhich are initially established with reduced limits in terms of the amounts offered.
In this sense, An amount of up to 1,000,000 grapes is expected For the public offering regime, without the need to present prospects and other documents nor to obtain prior authorization from the CNV just by making a notification to CNV according to the model specified in the standard. Keep in mind that the value of the grape is $ 1,514.84.
For the public offering regime with automatic authorizationCNVand will require a process of entering the regime with lower demands, complying with specific informative obligations to properly protect investors. “However, the deregulation contained in the project, and the mandatory warnings that the stations must include, the CNV ratifies that the faculties of supervision and the protection of investors are maintained,” said the CNV.
Source: Ambito
