The Argentina Securities Commission (CNV) has launched a public consultation, via General Resolution No. 1065, on draft rules to create two new special regimes for public offerings of shares intended to simplify and flexibilise the authorisation process and reduce the time required to open a company’s equity to the market. The proposal sets out a low-impact regime and a medium-impact regime. For low-impact offerings, the draft would provide automatic authorisation without the need to file a prospectus and without periodic disclosure requirements, other than annual financial statements. For medium-impact offerings, the draft would require only annual financial statements prepared under Argentine Professional Accounting Standards (Normas Contables Profesionales Argentinas, NCPA). The CNV framed the initiative as a continuation of prior moves to enable automatic public offering processes for corporate bonds (obligaciones negociables), financial trusts and closed-end credit investment funds. The draft was presented in an informational meeting led by CNV leadership with capital markets participants, and stakeholders were invited to provide feedback through the public consultation.
Argentina Securities Commission (CNV) 2025-05-20
Argentina Securities Commission launches consultation on two streamlined public offering regimes for share issuances
The Argentina Securities Commission (CNV) has launched a public consultation on draft rules for two new regimes to simplify and expedite public share offerings. The proposal includes a low-impact regime with automatic authorization and minimal disclosure, and a medium-impact regime requiring only annual financial statements under Argentine standards. This initiative builds on previous efforts to streamline public offering processes.