Argentina Securities Commission has overhauled the “Preliminary Definitions” section of the CNV Rules under General Resolution 1097, positioning the changes as part of its wider deregulation and regulatory simplification agenda. The revision aims to improve interpretative clarity and legal certainty by standardising recurring terms and consolidating the conceptual framework that underpins the rulebook. The reform expands and reorganises defined terms aligned with existing regulation and market practice, sets clearer rules for statutory interpretation and legal cross-references, and brings together provisions that were previously dispersed to improve accessibility for issuers, intermediaries, investors and other regulated entities. Newly incorporated concepts include Digital Representation, Thematic Negotiable Security (SVS+), DUVA, Independent Evaluation Firm, Organizer, Qualified Investor, Fair Price, CEDEAR or CEVA Programme, CEDEAR Ratio, CNV Guaranteed SME, CNV SME and Significant Participation, among others, and the CNV frames the update as consistent with maintaining transparency and investor protection mechanisms.
Argentina Securities Commission (CNV) 2025-12-23
Argentina Securities Commission issues General Resolution 1097 to comprehensively revise preliminary definitions in its rules
Argentina Securities Commission (CNV) revised the "Preliminary Definitions" in CNV Rules under General Resolution 1097, aiming to enhance clarity and legal certainty. Additions include definitions for Digital Representation, Thematic Negotiable Security (SVS+), and Qualified Investor, supporting transparency and investor protection.