Argentina Securities Commission updates eligible liquid counterpart assets and tightens solvency rules for markets and clearing houses

The Argentina Securities Commission (CNV) approved General Resolution No. 1080 to update the list of assets that supervised entities may use to meet liquid counterpart and Guarantee Fund III requirements, and to amend capital requirements applicable to markets and clearing houses. The resolution refreshes the eligible-asset list by adding new instruments and formalising assets previously recognised through interpretive criteria, with a stated prioritisation of liquidity. It also sets solvency and liquidity guidelines for agents registered across multiple categories and adds provisions on capital compliance for Global Investment Advisory Agents, aligning their treatment with other categories under the existing framework. Different transition schedules apply: the minimum net worth requirement for markets and clearing houses runs through 31 December 2025; the updated eligible-asset requirements for liquid counterpart and Guarantee Fund III run through 30 September 2025; and the eligible asset category “shares of markets authorised by CNV” runs through 31 December 2025.