The Argentina Securities Commission (CNV) has set out a reordering and simplification of its rules for issuers, centred on General Resolution No. 1095, which restructures Title II (Issuers) and reduces requirements under the public offering regime. The changes were presented in an informational meeting with more than 50 capital markets participants and representatives of major law firms, exchanges and professional bodies. General Resolution No. 1095 is described as reducing the issuer public offering regulatory framework by around 20% by reformulating or eliminating eight complete regimes, consolidating or simplifying repetitive provisions, removing 15 annexes, and dropping five independent professional reports from certain procedures. The text also introduces more than 15 new provisions, including a reorganisation of articles and the relocation of various articles and definitions to Title I (Definitions), which the CNV indicated will be published shortly. The CNV framed the issuer changes as part of a broader programme that has also covered financial trusts, special regimes for financial trusts and mutual funds, mutual funds, and individually issued negotiable securities, and it signalled further steps to simplify other titles of its rules.
Argentina Securities Commission (CNV) 2025-12-22
Argentina Securities Commission streamlines issuer public offering regime, cutting rules by about 20% under General Resolution 1095
The Argentina Securities Commission (CNV) has issued General Resolution No. 1095, simplifying rules for issuers by restructuring Title II and reducing public offering requirements by approximately 20%. This includes eliminating eight regimes, consolidating provisions, and removing 15 annexes. The changes are part of a broader programme to streamline regulations across financial trusts, mutual funds, and negotiable securities.