As part of the modernization of the capital market, the National Securities Commission (CNV) approved General Resolutions No. 1123 and No. 1124, calling for a Public Consultation to advance the regulation of local ETFs and the updating of the public offering regime linked to these instruments.
The decision of the organization's Board of Directors is part of the process that seeks to expand and sophisticate the tools available in the Argentine financial system.
In this case, the initiative proposes to incorporate so-called Exchange Traded Funds (ETFs) as local instruments, which may be structured through Securities Certificates (CEVA) or Open Common Investment Funds (FCIA).
With this measure, the CNV aims to channel investment structures within the national regulatory framework that replicate the performance of assets or benchmarks.
This would enable investors to access new diversification alternatives through tradable instruments in the local market, strengthening the development of
available financial options.The president of the organization, Roberto E. Silva, highlighted the relevance of the initiative and stated that “this regulation marks a milestone for the Argentine capital market, since it is the first time that progress has been made in the regulation of a local ETF regime, structured through CEVA or FCIA.”
