The agency eliminated limits for foreign currency portfolios that invest exclusively in local instruments. The measure seeks to expand financing sources in the Argentine capital market.
The National Securities Commission (CNV) flexible the regime applicable to Common investment funds destined to qualified investorsby eliminating certain restrictions for those funds in foreign currency that invest only in financial instruments issued and negotiated in Argentina.
The measure was formalized through the General Resolution 1059/2025published this Friday, and represents a new step within the regulatory framework initiated with resolution 1030/2024. Both rules aim to boost the Special regime for qualified investorscontemplated in article 7 bis of Law 24,083.
Specifically, the CNV resolved that the Heritage of these funds in foreign currency It will no longer be computed within the Maximum percentage limit established for each Manager Societyin the case of the administration of this type of funds destined exclusively to qualified investors.
Until now, that restriction limited the development of funds called dollars that only invested in local assets. The elimination of that stop seeks to give greater Operational freedom to managing societieswith the objective of attract investments and strengthen the local capital market.
“The objective is to expand and enhance the sources of financing, to easily access the capital market in our country,” said the president of the CNV, Roberto E. Silvawho stressed that the initiative is in line with the National Government Economic Policy.
With this modification, the agency seeks to promote new investment alternatives for institutional actors, in a context in which the government seeks channel part of dollars saving to financial instruments issued in the countrywithout forcing your conversion to pesos.
Source: Ambito
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