The Argentina Securities Commission (CNV) issued a rule allowing certain CNV-registered entities and authorised financial institutions to carry out the activity of recording purchase and sale agreements for real estate transactions, treating this as an ancillary or complementary activity outside the capital markets subject to prior notification to the CNV. Eligibility covers Agents of Registration and Payment (ARYP), clearing houses, markets, Central Securities Depositary Agents (ADCVN) registered with the CNV, and financial institutions authorised under Law No 21.526. The permitted recording activity extends beyond boletos de compraventa to other contracts relating to constructed or planned units under the horizontal property regime or other land subdivision regimes that promise delivery of ownership or surface rights over a future property where possession cannot be exercised due to insufficient construction. The General Resolution implements Article 10 of Decree of Necessity and Urgency No 1017/24, which introduced measures aimed at promoting and consolidating a mortgage credit market.
Argentina Securities Commission (CNV) 2025-01-03
Argentina Securities Commission authorises registered market infrastructures and banks to record boletos de compraventa as ancillary activities with prior notification
The Argentina Securities Commission (CNV) now allows certain CNV-registered entities and authorized financial institutions to record real estate purchase and sale agreements as an ancillary activity, with prior CNV notification. This includes Agents of Registration and Payment, clearing houses, markets, Central Securities Depositary Agents, and financial institutions under Law No 21.526. The rule aims to promote a mortgage credit market and applies to contracts for units under horizontal property or land subdivision regimes where possession is not yet possible.