The Argentina Securities Commission has required transfers to be the sole permitted method for capital markets firms to receive funds from clients and disburse funds to them, subject to the conditions set out in the new rule. The measure is intended to provide immediate fund availability and eliminate potential payment rejections associated with checks. The requirement also strengthens controls against misconduct and builds on earlier measures addressing anti-money laundering standards, transaction traceability and market integrity. Those earlier changes did not modify existing tax rules.