02 Ene 25 Resolutions Published by the CNV on December 30, 2024
Posted at 16:28h
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On December 30, 2024, the Argentine Exchange Commission (for its acronym in Spanish, the “CNV”) issued several resolutions introducing modifications to fees and presenting draft proposals for public consultation. Below is a summary of the key points:
1.CNV Resolution 1040/2024 – Modification of Supervision and Control Fees
- CNV Resolution 1040/2024 modifies the supervision fees and charges related to the public offering of securities, as well as the registration of agents and entities.
- Temporary Suspension: The collection of supervision and control fees from Virtual Asset Service Providers (VASP) is suspended until September 30, 2025.
2.CNV Resolution 1041/2024 – Exchange of Deferred Payment Checks and Negotiable Commercial Papers
- CNV Resolution 1041 proposes, through a draft, a new approach to the exchange of deferred payment checks and negotiable commercial papers within the capital markets, with the aim of increasing transparency and facilitating negotiations.
- It establishes clear deposit and custody requirements, as well as detailed procedures for the transfer between client subaccounts.
- Furthermore, it seeks to introduce control measures and risk analysis to ensure transparency and prevent irregularities, ensuring that investors have complete and accurate information to make informed decisions regarding exchanges.
3.CNV Resolution 1042/2024 – Automatic Authorization of Closed-End Credit Mutual Funds
- CNV Resolution 1042 proposes, through a draft, a new automatic authorization regime for the public offering of Closed-End Credit Mutual Funds aimed at qualified investors.
- This simplified process aims to ensure transparency and investor protection without requiring prior review but establishes requirements for their placement and listing in the markets.
For further details, please consult the full documents: