The Argentina Securities Commission (CNV) issued General Resolution No. 1094 to introduce a new reporting regime for Clearing and Settlement Agents (Agentes de Liquidación y Compensación, ALyC) covering their securities lending or securities rental agreements, aiming to strengthen disclosure and supervisory oversight of agents’ financial position, liabilities and leverage. The measure also expressly repeals the special reporting regime set by General Resolution No. 624, which had required daily, end-of-day submission of information on daily operations. The new regime applies to ALyC in relation to their own agreements and to persons captured under the concept of “expanded proprietary portfolio” (cartera propia ampliada). ALyC must submit the required information via the Financial Information Highway (Autopista de Información Financiera, AIF) using the enabled form, except for (i) those registered under the Direct Participant subcategory and (ii) those that are financial entities. Reporting is monthly, due by the third business day after each month-end. CNV set a filing schedule for the initial months: information for month-ends 31 August, 30 September, 31 October and 30 November 2025 must be submitted by 15 January 2026, while information for the 31 December 2025 month-end is due by 30 January 2026.
Argentina Securities Commission (CNV) 2025-12-10
Argentina Securities Commission approves monthly reporting on securities lending by Clearing and Settlement Agents and repeals daily filings
The Argentina Securities Commission (CNV) issued General Resolution No. 1094, establishing a new reporting regime for Clearing and Settlement Agents (ALyC) regarding securities lending agreements to enhance disclosure and oversight. This regime replaces the previous daily reporting requirement under General Resolution No. 624 and mandates monthly submissions via the Financial Information Highway, excluding Direct Participants and financial entities.