The Argentina Securities Commission (CNV) issued RG 1052, suspending until 16 February 2025 the application of provisions requiring the blocking of certain client securities subaccounts for local market transactions by certain non-resident individuals. The deferral relates to changes introduced under RG 1033 to the reporting regime for resident and non-resident clients, applicable to Clearing and Settlement Agents (ALyCs) and Trading Agents (AN), covering clients with a CDI identification key or a CIE foreign investors key who are holders or co-holders of securities subaccounts. CNV linked both this extension and the previous one granted under RG 1045 on 2 January 2025 to the need to reflect the implementation effort required from market participants to meet the requirements.
Argentina Securities Commission (CNV) 2025-01-15
Argentina Securities Commission extends suspension of client subaccount blocking rules for certain non-resident individuals until 16 February 2025
The Argentina Securities Commission (CNV) issued RG 1052, suspending until 16 February 2025 the requirement to block certain client securities subaccounts for local market transactions by specific non-resident individuals. This deferral, linked to changes under RG 1033, affects Clearing and Settlement Agents and Trading Agents, and reflects the implementation efforts needed by market participants.