Securities Market Regulation in Argentina
On March 13, 2026, General Resolution No. 1119/2026 (the “Resolution”) was published in the Official Gazette of the Argentine Republic, whereby the National Securities Commission (Comisión Nacional de Valores, the “CNV”) introduced amendments to the CNV Rules (2013 Text, as amended).
The Resolution modifies the Frequent Issuer Regime by allowing the marketing and placement of negotiable obligations carried out by entities registered under such regime to take place within the same trading day, provided that a minimum marketing period of five hours during market hours is ensured.
However, such minimum period will not apply to issuances that require a more thorough analysis by investors, including:
- convertible negotiable obligations,
- thematic bonds, and
- refinancing or exchange transactions.
The Resolution entered into force on March 14, 2026.
