The CNV accelerates the deregulation of the capital market with new measures to expedite operations

The CNV accelerates the deregulation of the capital market with new measures to expedite operations

According to the regulatory entity, the two resolutions published on Wednesday night seek to reduce bureaucratic obstacles and digitize administrative procedures.

Mariano Fuchila

The National Securities Commission (CNV) approved two resolutions that seek “Simplify procedures, expedite placements and improve the competitiveness of the local capital market”. The first disregulates several aspects of the public offer regime of negotiable values, while The second incorporates digital tools for administrative procedures linked to researchinspections and summaries.

The president of the CNV, Roberto Silvaargued that from the regulatory entity they drive “An active policy to eliminate unnecessary procedures and operational barriers aligned with the national government”. He added: “We continue to approve rules that deregulate and simplify the procedures of the Argentine capital market, facilitating the issuance, without resigning the protection of the investor.”

CNV – Commission – National – of – Values

The resolutions will enter into force during the next few days.

The resolutions will enter into force during the next few days.

Mariano Fuchila

Modernization of the Public Offer Regime

Resolution 1076/2025 published in the Official Gazette this Thursday simplified several aspects of the public offering regime of negotiable securities, in force as of this Friday, July 25.

  • The obligation to notify five days in advance of the intention of issuing is suppressed five daysby frequent issuing, as well as the obligation to inform the withdrawal of the issuance.
  • The issuance and/or replacement of series or classes within the authorized global amount is enabled Under the frequent issuer regime, equating said faculty with that planned for global programs. This measure reaches new emitters as previously registered frequent issues.
  • The requirements for the procedures of Argentine Deposit Certificates (CEDEARS) and Certificates of Securities (CEVAS) are simplifiedthe legal report is replaced by an affidavit of the issuer. Likewise, the possibility of replacing said affidavit with an external legal opinion of the country of origin of the issuer that is issued on the same aspects is admitted; avoiding duplicity in the presentation of financial statements, when these are already publicly available on the website of the issuer of the underlying values.
  • The minimum subscription amount is updated To adapt it to the current economic context, facilitating larger scale placations and avoiding outdated limits that restrict viable operations.
  • Diffusion deadlines are flexible, reducing them to a business day for the dissemination of all negotiable securities placements, except for the cases of refinancing or exchange, which is established in two business days; and also clarifies the calculation of dissemination deadlines in all public offering placements.

The update of administrative procedures

In parallel, resolution 1077/2025 is part of the implementation of the Electronic Document Management System (GDE) and the Distance Procedures Platform (TAD), established by national decrees since 2016, which seek to facilitate document management, reduce processing deadlines and allow public follow -up of files.

As of September 1, in the Information requirements in research and inspections The possibility of studying information and documentation for email to subjects registered with the CNV. Meanwhile, in the PSummary Rocedimientos A one is introduced dual option For the summaries: they can choose between processing traditional paper support or through the TAD digital platform.

Source: Ambito

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