At the FIAFIN 2025 annual convention, Argentina Securities Commission (CNV) President Roberto E. Silva outlined the main regulatory measures adopted to modernise and stimulate Argentina’s capital markets, highlighting changes affecting the mutual fund industry. Key measures cited included the implementation of Article 7 bis mutual funds under General Resolution No 1030, which enables three investment alternatives: (1) ETFs that passively replicate widely disseminated indices linked to equities, virtual assets and/or commodities, without applying the 25% limit and available to all investor types; (2) external assets without applying the 25% limit, restricted to qualified investors; and (3) local assets with relaxed diversification limits, also for qualified investors. He also pointed to deregulation of public offering procedures via automatic authorisation for low- and medium-impact offerings and an Automatic Public Offering regime for frequent issuers, as well as the regulation of “Severance Funds” that allow the replacement of the severance payment under Article 245 of the Labour Contract Law with an employment termination fund that can be structured through mutual funds or financial trusts. The remarks also referenced the placement of the first closed-end real estate mutual fund aimed at providing mortgage loans and the CNV’s recent simplification of its rules for mutual funds.

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