The Argentina Securities Commission (CNV) has introduced a temporary measure that halts approval of new FCIA established under Article 7 bis of the Mutual Funds Law where the management rules provide for investment of more than 25 percent of net assets in assets issued and traded abroad. The same measure also suspends new subscriptions for existing funds with that investment profile. The suspension is expressly temporary and is tied to a pending assessment of the fiscal cost associated with these FCIA structures. The measure took effect upon its publication in the Official Gazette.
Argentina Securities Commission (CNV)2026-06-18
Argentina Securities Commission temporarily suspends new mutual fund approvals and subscriptions for funds with over 25 percent in foreign assets
The Argentina Securities Commission has temporarily stopped approving new Article 7 bis FCIA that can invest more than 25 percent of net assets in assets issued and traded abroad. It also suspended new subscriptions into existing funds of that type, pending an assessment of their fiscal cost.