The National Securities Commission led by Roberto Silva, finally finished adapting that all normal cash operations are in T+1.
The National Securities Commission (CNV) continues to adapt its regulatory framework to align with the regulations of the markets of developed countries, such as United States, Canada and Mexico.
On May 8, through RG No. 1000, the regulations were modified setting the normal cash period at T+1 for transactions with negotiable securities variable and/or fixed income. The normal cash period in T+2 was maintained only for operations with negotiable fixed income securities to the extent that the markets and clearing houses that, for exception would have chosen to maintain said period.
Now, through RG N°1029, the Markets and/or Clearing Houses – which have chosen to maintain the cash settlement period of 48 hours (T+2) – must definitively adopt the normal cash settlement period of 24 hours (T+1).
What is the objective of the new measure for investors
This measure is adopted with the aim of continuing at the forefront of developed markets. Since the entry into force of RG No. 1000, a natural migration has been observed towards the adoption of the T+1 settlement period in the negotiation and arranging of cash transactions with negotiable fixed income securities.
The president of the CNV, Roberto E. Silva, highlighted that “with the same objective of continuing to promote and develop the Argentine capital market, we continue to adapt our regulations, accompanying global trends and highlighting that our country’s markets naturally align with the T+1 term of the international markets.
Furthermore, he highlighted that “In addition to adapting settlement times to the highest global standard, the investor is favored with a more agile liquidity window. When you sell, you receive the proceeds of the transaction sooner, when you buy you can integrate the funds a day later, in short, we aim for a market that can organically flow with greater speed.”
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
