SMEs: Extension of the 40% Maximum Investment Limit Based on the Fund’s Net Worth

On June 18, 2025, through General Resolution No. 1070 (the “Resolution”), the National Securities Commission (“CNV”, after its spanish acronym.) extended until December 31, 2025, the deadline for companies that are not classified as “Large Enterprises” and do not hold a “MiPyME Certificate”(MiPYME its spanish acronym for Micro, Small and Medium-sized Enterprise) to apply the maximum investment limit of forty percent (40%) of the total trust estate for the creation of financial trusts aimed at financing small and medium-sized enterprises (“SMEs”).

The Resolution entered into force on June 24, 2025.

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