CNV will repeal obsolete standards or requirements that prevent access to the capital market

With the announcement of a Simplification of requirements for issuing shares for companies who want to open their capital in the market in the differentiated panel, the National Securities Commission (CNV) launched a program a program a Simplify the normative body of that segment of national economic activity.

The CNV approved on Wednesday the General Resolution No. 1,083, through which the requirements in the Automatic public offer of shares, providing the exemption of differentiated panel requirements and limitation to qualified investors for the emitters who are already in the general regime.

“With this measure the CNV It seeks to promote the development of the capital market, facilitating access to the new issuance of shares to the stations that are already in the general regime, more agile and simplifying procedures, ”said the agency.

In this regard, the president of the CNV, Roberto Silva, stressed that “with this regulation we have simplified and eliminated unnecessary bureaucracies for stations that are already admitted to the general regime.”

Silva added that “every day We review the regulations and work to unwind and deregulate the capital market, but without unprotected the investor. ”

Through General Resolutions No. 1,072 (BO 06/26/25) and No. 1,075 (BO 11/07/25) the Automatic Authorization Regimes of Public Offer of Actions for Bajo and Medium Impact were established. With this new regulation the procedures are further simplified.

Towards a deregulation and simplification of the market

The measure is the first of A series of agency’s ads that controls the country’s capital markets. The entity’s directory arranged in accordance with the simplification and deregulation promoted by the National Government, a “Exhaustive survey of the regulations.”

The idea is to repeal or modify those rules that are:

• Obsolete unnecessary or redundant
• Whose object is fulfilled or its term has defeated, regulate unnecessary procedures or records
• Standards that establish unnecessary restrictions in the capital market
• They generate unnecessary costs or imply illogical entry barriers in regulated activities or in those in which free competition is possible.

The CNV reported that “Additionally, the simplification and reduction of the regulations are proposed with the objective of being easier, accessible and less extensive, and it is intended to leave behind obsolete regulations that are alien to the vision of the future we promote today ”.

“Finally, a Comprehensive review of the interpretive criteria (CRI) in force, to be considered within the framework of the normative surveyin order to promote its incorporation into the body of norms or, in case it corresponds, leave them without effect ”, was officially reported.

The agency said that “all of the above is Notwithstanding the protection of investors that is still one of the main objectives of CNV, together with market development ”.

In this regard, Silva stressed that “in line with the national government policy, we have taken the initiative to review the CNV regulatory framework, with the aim of removing obstacles and unnecessary and restrictive regulations, deregulating and ifMplifying, in this way, the capital market and thus promoting its development; all without unprotected the investor. ”

He added that “in this little more than a year and a half of management we have worked daily to modernize the capital market of Argentina, dictating innovative regulations such as tokenization, automatic public offers, private offer and regulation of PSAVS, that put us at the forefront of the region and even the world. ”