The Argentina Securities Commission (CNV) has opened a public consultation under General Resolution No. 1057 to amend its regulatory framework to better accommodate the technological mechanisms used by intermediaries to place and distribute units of open-end mutual funds (Fondos Comunes de Inversión Abiertos, FCIA). The proposal adds clarifications on how different placement modalities apply when FCIA units are offered through third-party IT platforms. It would also remove the requirement to file an “notice of placement of units via alternative mechanisms” through the Remote Procedures (TAD) platform and the Electronic Document Management (GDE) system, while improving how agents report the modalities they use via the Financial Information Highway (AIF). The consultation will remain open for 15 business days starting on the day after publication in Argentina’s Official Gazette, with submissions to be considered before the final rule is issued.
Argentina Securities Commission (CNV) 2025-03-12
Argentina Securities Commission launches consultation to update open-end mutual fund distribution rules for third-party digital platforms
The Argentina Securities Commission (CNV) is consulting on amendments to its regulatory framework to enhance the use of technological mechanisms by intermediaries for distributing open-end mutual fund units. The proposal clarifies placement modalities for third-party IT platforms and removes certain filing requirements, while improving reporting via the Financial Information Highway.