The Argentina Securities Commission held a new working meeting with more than 90 representatives of clearing and settlement agents, management companies, industry chambers and trustees to advance the regulatory framework for FAL and discuss its future implementation following the national executive's implementing rules for Law No. 27,802. The discussion covered regulatory challenges and the planned use of mutual funds and financial trusts supervised by the CNV as vehicles for the regime. The implementing framework gives the CNV a central role in designing, authorising, supervising and overseeing the FAL regime. Its responsibilities include setting requirements for authorised entities, regulating the investment vehicles, authorising public offerings, creating and administering specific registers, and defining procedures for allocation, portability and fund liquidation. It must also set investment policies in line with Ministry of Economy guidelines, establish individual account systems to trace contributions, set fee limits and conditions, and coordinate information sharing with other public bodies to monitor compliance and detect breaches.
Argentina Securities Commission (CNV)2026-06-04
Argentina Securities Commission convenes more than 90 market representatives to advance FAL rules
The Argentina Securities Commission held a working meeting with market participants to advance the regulatory framework for FAL and discuss its implementation following the national executive’s rules for Law No. 27,802. The Commission will design, authorise, supervise and oversee the FAL regime, including setting requirements for authorised entities, regulating mutual funds and financial trusts as vehicles, authorising public offerings, defining allocation and portability procedures, and coordinating information sharing with other public bodies.