Argentina’s Securities Commission (CNV) approved General Resolution No. 1056, setting out for public consultation a proposal to create two streamlined public offering regimes for financial trusts, combining an abbreviated processing track with an automatic authorisation approach for frequent issuances. The initiative is positioned as part of CNV’s broader effort to simplify processes and introduce greater flexibility in capital markets operations. CNV presented the proposal to market participants in an informational meeting led by its senior management and supported by the financial trusts supervisory team. The new regimes are designed to allow automatic issuance for offerings classified as frequent issuances, use standardised prospectus supplements limited to each issuance, reduce the volume of supporting documentation, and deploy technology to help prepare documents and simplify filings; CNV also linked the move to its existing automatic approval regimes for low- and medium-impact issuances. Stakeholders attending included CAFIDAP, the Chamber of Companies, the Buenos Aires Stock Exchange, Caja de Valores, Bolsas y Mercados Argentinos (ByMA), A3, banks, ALYCs and law firms.

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