Argentina Securities Commission (CNV) approved General Resolution No. 1130 establishing a dedicated reporting regime and new prudential liquidity and leverage requirements for Clearing and Settlement Agents (Agentes de Liquidación y Compensación, ALyC), aimed at strengthening supervisory monitoring of their financial position. ALyC must provide monthly submissions covering their daily foreign-currency holdings in their proprietary portfolios. In addition, except for financial institutions and firms registered as Direct Participants, ALyC must file specified liquidity and leverage indicators within eight business days after each month-end. The resolution also introduces prudential limits requiring current assets to exceed current liabilities, and caps total financial liabilities (excluding client balances) at five times the surplus of the agent’s total net worth over the applicable regulatory minimum for its category. Implementation will follow staggered schedules set out in the resolution to support firms’ transition.
Argentina Securities Commission (CNV) 2026-04-27
Argentina Securities Commission sets new reporting and prudential liquidity and leverage limits for clearing and settlement agents
The Argentina Securities Commission (CNV) has adopted General Resolution No. 1130, introducing a dedicated reporting regime and new prudential liquidity and leverage requirements for Clearing and Settlement Agents (ALyC) to enhance supervisory monitoring. ALyC must submit monthly data on daily foreign-currency holdings and, except for financial institutions and Direct Participants, specified liquidity and leverage indicators, while complying with new limits requiring current assets to exceed current liabilities and capping total financial liabilities at five times the surplus of net worth over the regulatory minimum. Implementation will follow staggered schedules.