The Argentina Securities Commission (CNV) issued General Resolution No. 1059 amending the regime for open-end mutual funds targeting Qualified Investors under Article 7 bis of Law No. 24,083, removing a restriction affecting certain foreign-currency denominated funds that invest exclusively in Argentina. Under the change, the assets of funds whose denomination is not Argentina’s legal tender and that invest solely in domestic financial instruments and/or negotiable securities issued and traded in the country will be excluded from the maximum percentage limit set in existing rules for each management company when administering this type of fund. The amendment updates the special framework introduced by General Resolution No. 1030 in November 2024.
Argentina Securities Commission (CNV) 2025-04-11
Argentina Securities Commission relaxes manager-level limits for foreign-currency qualified investor open-end funds investing only in domestic instruments
The Argentina Securities Commission (CNV) issued General Resolution No. 1059, amending the regime for open-end mutual funds targeting Qualified Investors. The amendment removes restrictions on foreign-currency denominated funds investing exclusively in Argentine financial instruments, excluding them from the maximum percentage limit for management companies. This updates the framework established by General Resolution No. 1030 in November 2024.