Argentina Securities Commission allows 13-year-olds to invest in a wider range of open-end mutual funds

The Argentina Securities Commission issued General Resolution No. 1091 expanding the capital market instruments available to adolescents from age 13, enabling them to invest in additional open-end mutual funds beyond the money market funds previously permitted. Under the existing framework, minors had been able to invest in open-end “Money Market” mutual funds since 2023 (General Resolution No. 977). The new rule extends access to other open-end mutual funds while keeping key restrictions: adolescents may not invest, either on their own or through their legal representatives, in closed-end mutual funds or in open-end mutual funds reserved exclusively for qualified investors. The change is positioned as consistent with General Resolution No. 1023, which permitted the opening of brokerage sub-accounts from age 13.