The Argentina Securities Commission (CNV) approved Interpretative Criterion No. 94 (CRI 94), strengthening expectations for transparency in disclosures about issuers’ indebtedness and related risks so investors receive updated, detailed information to assess an issuer’s financial position. The criterion applies across all existing regimes under which prospectuses and prospectus supplements are prepared, including those applicable to small and medium-sized enterprises (SMEs). It requires disclosures to be updated as of the publication date, with particular focus on the issuer’s indebtedness and its composition.
Argentina Securities Commission (CNV) 2025-02-12
Argentina Securities Commission approves Interpretative Criterion 94 to require more transparent and up-to-date prospectus disclosure on issuer debt and risks
The Argentina Securities Commission (CNV) approved Interpretative Criterion No. 94, enhancing transparency in disclosures regarding issuers' indebtedness and related risks. This applies to all regimes for prospectuses and supplements, including those for SMEs, mandating updates as of the publication date.