The Argentina Securities Commission (CNV) issued General Resolution 1064 amending the rules governing how units of open-end mutual funds are marketed and distributed, with a focus on simplifying the technological mechanisms used by agents involved in placement and distribution. The changes remove the “Notice of placement of units via alternative mechanisms” filing from the Remote Procedures (TAD) platform within the Electronic Document Management (GDE) system. They also replace the requirement to submit an annual auditor’s technical systems report with an initial submission, with additional filings required only when the system is updated or modified. The resolution further enhances reporting of implemented modalities through the Financial Information Highway (AIF) and adds clarifications on the application of the different modalities, including distribution through third-party IT platforms.
Argentina Securities Commission (CNV) 2025-04-25
Argentina Securities Commission streamlines requirements for technology-based distribution of open-end mutual fund units
The Argentina Securities Commission (CNV) issued General Resolution 1064, amending rules for marketing and distributing open-end mutual fund units. Key changes include removing certain filing requirements from the Remote Procedures platform and altering auditor report submissions to an initial filing with updates as needed. The resolution also enhances reporting via the Financial Information Highway and clarifies distribution through third-party platforms.