The Argentina Securities Commission has launched a consultation on a comprehensive overhaul of the material event disclosure regime for entities subject to public offering rules. The proposal would clarify and systematize disclosure obligations, incorporate regulatory precedents and international practices, and continue the commission’s broader modernization of capital markets transparency requirements. The draft expressly addresses market rumors and information released by third parties, establishing mechanisms for clarification, correction or denial where appropriate. It provides that preliminary negotiations over significant ownership changes do not by themselves constitute a material event and clarifies disclosure duties when an issuer’s board members are not parties to the transaction. The proposal would also add significant cybersecurity incidents as potentially reportable events and regulate the procedure for suspending disclosure duties under Article 101 of Law 26,831.
Argentina Securities Commission launches consultation on comprehensive overhaul of material event disclosure rules
The Argentina Securities Commission is consulting on a comprehensive overhaul of material event disclosure rules for entities subject to the public offering regime. The proposal clarifies the treatment of market rumors and preliminary transaction discussions, adds significant cybersecurity incidents as potentially reportable events, and regulates the suspension of disclosure duties.