The Argentina Securities Commission (CNV) approved General Resolution No. 1075 setting specific conditions for share capital increases by subscription by issuers already admitted to the public offering regime, simplifying the framework for companies whose shares are already listed. As a result, the requirement for unanimity when waiving pre-emptive rights will apply only to issuers that are not yet admitted to the public offering regime. The CNV linked the measure to General Resolution No. 1072, which created a simplified route to the Public Offering Regime of Shares with Automatic Authorisation aimed at making company financing through capital markets more dynamic, and CNV President Roberto E. Silva described the new resolution as a further step in simplifying access to the capital market.
Argentina Securities Commission (CNV) 2025-07-10
Argentina Securities Commission simplifies subscription capital increases for public issuers and narrows unanimity requirement for pre-emptive right waivers
The Argentina Securities Commission (CNV) approved General Resolution No. 1075, simplifying share capital increase conditions for issuers already in the public offering regime. The unanimity requirement for waiving pre-emptive rights now applies only to non-admitted issuers. This aligns with General Resolution No. 1072, enhancing the dynamic of company financing through capital markets.