Key changes for investors: CNV dictates a new standard to foster transparency

Key changes for investors: CNV dictates a new standard to foster transparency

February 13, 2025 – 09:56

The CNV established the obligation of the agents of custody, registration and payment (ACRYP) to implement free access platforms to information on instrument payments.

Mariano Fuchila

The CNV (National Securities Commission) He issued a series of regulations to ensure public access to information and promote competition in the capital market sector. Within this framework, through General Resolution 1054/2025 published in the Official Gazette, established the obligation of custody, registration and payment agents (ACRYP) to implement free access platforms to information on PyME financing instruments. In addition, Markets were urged to establish information dissemination mechanisms on negotiable values ​​in circulation.

This measure seeks to strengthen transparency, reduce financing costs for SMEs and optimize capital market regulation.

It reaches all regimes in force under which prospects and/or prospect supplements are prepared, Including those applicable to SMEs, and establishes the obligation to disseminate updated information to the date of publication, with special emphasis on the debt of the station and its composition.

The president of the CNV, Roberto E. Silva, stressed that “we want investors to have easy access to the information of the stations, so that they can easily evaluate their situation” and added that “One of the priorities of this directory is that investors have the necessary information when investing and that they are protected. ”

CNV: What are the changes for investors

The general resolution modifies the rules of authorization, suspension and cancellation of negotiable securities in the markets, establishing new information dissemination requirements.

Main changes:

  • The markets must regulate these processes and submit them to the approval of the Commission.
  • A free mechanism for disseminating information on negotiable values ​​in circulation is required, including identifying data, dates, amounts and emitters.
  • The information must be updated and accessible on the institutional websites.

In addition, the March 31, 2025 as a maximum period for the implementation of this dissemination mechanism.

The resolution enters into force the day after its publication in the Official Gazette and will be incorporated into the current regulatory text.

The readjustment establishes that the markets where the negotiable values ​​of individual issuance should Implement a financial information dissemination system. This mechanism must be available permanently, accessible for both member and investor public in general.

The New regulations allow consultation of the following information, among others:

a) Details of the instruments listed and in circulation, including:

(i) identifying data;

(ii) emission and expiration dates;

(iii) amounts;

(iv) date of entering the market;

(v) any other relevant data or circumstance related to the instruments;

b) Identifying information of the issuers of these instruments, including their tax identification key.

Source: Ambito

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