Argentina Securities Commission briefs clearing and settlement agents on new reporting regimes and prudential liquidity and leverage limits

The Argentina Securities Commission held an informational meeting on recently issued resolutions that introduce new reporting regimes for clearing and settlement agents (ALyCs). The measures expand supervisory reporting on securities lending or borrowing arrangements and other financial indebtedness, open futures and options positions, and, for some firms, monthly foreign currency holdings together with liquidity and leverage indicators and prudential limits, to support supervision and earlier detection of risks linked to agents’ financial positions. The briefing reviewed General Resolution No. 1094, which created reporting obligations for ALyCs on agreements involving the loan or lease of negotiable securities and any other financial borrowing assumed by those firms. General Resolution No. 1122 further specified the information required on financial liabilities and made historical supplementary reporting mandatory for caución transactions, pases, deferred payment checks and promissory notes under the applicable submission schedules. General Resolution No. 1113 added a specific reporting regime for open positions in futures and options contracts. General Resolution No. 1130 requires some ALyCs to submit monthly information on foreign currency holdings, report certain liquidity and leverage indicators, and comply with prudential liquidity and leverage limits. The session was aimed exclusively at ALyCs that are neither Direct Participants nor Financial Entities and drew more than 500 representatives online and in person.