Argentina Securities Commission (CNV) issued General Resolution No. 1095, introducing a comprehensive reform of the public offering regime for issuers as part of its broader deregulation and rule-simplification programme. The changes are intended to streamline processes, remove obsolete or unnecessary regulatory burdens, and reduce authorization costs and timelines for issuers seeking to access capital markets, while preserving supervisory functions and issuers’ transparency and responsibility obligations. The reform simplifies Title II of the issuer framework, except for Chapters III and IV which remain pending, covering chapters on shares, shareholder meetings, public offerings, small and medium-sized enterprises, guarantee entities, CEDEARs/CEVAs, prospectuses, and corporate reorganizations. It reformulates or removes eight full regimes, eliminates or consolidates repetitive provisions, removes 15 annexes, and suppresses five independent professional reports previously required in filings; it also introduces more than 15 new provisions and restructures the rulebook, moving various articles and definitions to Title I, which CNV indicated will be published separately. CNV framed the package as the fifth step in its simplification agenda, complementing earlier resolutions including RG 1073 and RG 1076.
Argentina Securities Commission (CNV) 2025-12-17
Argentina Securities Commission issues sweeping simplification of issuers’ public offering regime reducing rules by around 20%
The Argentina Securities Commission (CNV) issued General Resolution No. 1095, reforming the public offering regime to streamline processes and reduce regulatory burdens for issuers. The reform simplifies Title II of the issuer framework, excluding Chapters III and IV, and removes eight regimes, 15 annexes, and five professional reports, while introducing over 15 new provisions. This initiative is part of CNV's broader deregulation agenda, complementing previous resolutions RG 1073 and RG 1076.