Argentina’s Securities Commission (CNV) issued General Resolution No. 1062 eliminating the minimum holding period (“parking”) for resident individuals when carrying out certain negotiable securities transactions, as part of the government’s Phase 3 economic programme involving exchange-rate liberalisation and a banded float. The change removes the one-business-day minimum portfolio holding requirement to (i) execute sales of negotiable securities settled in foreign currency, in any jurisdiction and regardless of the law governing issuance, and (ii) process outbound and inbound transfers of negotiable securities. The measure takes effect immediately and complements provisions under Communication “A” 8226 of the Central Bank of the Argentine Republic.
Argentina Securities Commission (CNV) 2025-04-15
Argentina Securities Commission removes one-business-day minimum holding period for resident individuals’ foreign-currency settled securities sales and transfers
Argentina's Securities Commission (CNV) issued General Resolution No. 1062, removing the minimum holding period for resident individuals in certain negotiable securities transactions. This change, part of the government's Phase 3 economic programme, facilitates sales and transfers of securities settled in foreign currency. The measure is effective immediately and aligns with the Central Bank's Communication “A” 8226.