The Argentina Securities Commission (CNV) issued General Resolution No. 1076 introducing rule changes intended to simplify procedures and accelerate securities placements in the local capital market. The measures focus on the Frequent Issuer Regime, the processing of Argentine Depositary Certificates (CEDEARs) and Securities Certificates (CEVAs), and key offering parameters such as dissemination timelines and the minimum subscription amount. Frequent Issuers are no longer required to notify the CNV five days in advance of an intended issuance or to report a decision to withdraw it, and they may now issue or reissue series or classes within the authorised global amount under the Frequent Issuer Regime, aligning this flexibility with that available under Global Programs and applying both to new and already-registered Frequent Issuers. For CEDEAR and CEVA procedures, the legal report is replaced with an issuer affidavit, with the option to substitute it with an external legal opinion from the issuer’s home jurisdiction covering the same matters, and duplicative submission of financial statements is avoided where they are already publicly available on the underlying issuer’s website. The CNV also updated the minimum subscription amount and reduced dissemination periods to one business day for all negotiable securities placements, except refinancing or exchange transactions which must be disseminated for two business days, while clarifying how dissemination periods are calculated for public offerings.

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