The Argentina Securities Commission (CNV) issued General Resolution No. 1096 amending the investment limits for classic money market common investment funds’ placements in fixed-term deposits, expanding the maximum exposure allowed to each fixed-term deposit modality. The change raises the maximum individual limit for each type of fixed-term deposit, both traditional and pre-cancellable, from 35% to 50% of the fund’s assets per modality. The rule keeps the existing 70% aggregate cap for fixed-term deposits taken jointly across pre-cancellable and non-pre-cancellable deposits, and leaves unchanged the minimum liquidity margin requirements and the cap on investments in other accrual-valued assets (other than non-pre-cancellable fixed-term deposits). The CNV linked the measure to ongoing monitoring coordinated with the Central Bank of the Argentine Republic and framed it as providing fund management companies with more flexibility for liquidity management and investment allocation.
Argentina Securities Commission (CNV) 2025-12-23
Argentina Securities Commission increases classic money market funds’ per fixed-term deposit limit to 50%
The Argentina Securities Commission (CNV) issued General Resolution No. 1096, amending investment limits for money market funds' placements in fixed-term deposits. The resolution raises the maximum individual limit for each deposit type from 35% to 50% of the fund's assets, while maintaining a 70% aggregate cap across all deposit types. The CNV aims to enhance fund management flexibility in coordination with the Central Bank of the Argentine Republic.