The Argentina Securities Commission (CNV) issued General Resolution No. 1126 increasing the maximum share of time deposits that Money Market Classic mutual funds (FCI de Dinero) may hold, covering both traditional and early-cancellable time deposits. For non-early-cancellable time deposits, the limit rises from 50% to 60% of fund assets, provided the average life of assets valued on an accrual basis does not exceed 30 calendar days. In that case, the required liquidity buffer may be met with an amount equivalent to at least 65% of the fund’s total holding in assets valued on an accrual basis. For early-cancellable time deposits, the limit also rises from 50% to 60%, while the combined maximum exposure across both time-deposit types remains capped at 70%.
Argentina Securities Commission (CNV) 2026-04-08
Argentina Securities Commission raises money market fund caps for time deposits to 60% while keeping a 70% combined limit
The Argentina Securities Commission (CNV) issued General Resolution No. 1126 increasing the maximum share of time deposits that Money Market Classic mutual funds may hold, raising individual limits for both traditional and early-cancellable time deposits from 50% to 60% of fund assets. Combined exposure to both types of time deposits remains capped at 70%, and for non-early-cancellable deposits the higher limit applies only where the average life of accrual-valued assets does not exceed 30 days and at least 65% of such assets are held as a liquidity buffer.