Argentina’s Securities Commission (CNV) issued General Resolution No. 1068 adding a new exception for non-residents to the ARS 200 million daily limit on transfers of negotiable securities to foreign depository institutions. The cap will not apply where the transfer involves National Treasury securities with a total or partial amortisation date at least 180 days from issuance, provided the instruments were acquired in a primary placement or auction and only up to the nominal amount subscribed. The measure is described as an additional exception to existing carve-outs and as part of a broader easing of operating restrictions in line with national government policy.
Argentina Securities Commission (CNV) 2025-06-11
Argentina Securities Commission adds non-resident carve-out from ARS 200 million daily cap on transfers of certain Treasury securities to foreign depositories
Argentina's Securities Commission (CNV) issued General Resolution No. 1068, exempting non-residents from the ARS 200 million daily limit on transfers of negotiable securities to foreign depository institutions. The exemption applies to National Treasury securities with amortisation dates at least 180 days from issuance, acquired in primary placements or auctions, and only up to the nominal amount subscribed. This measure is part of a broader easing of operating restrictions aligned with national government policy.