meta_id 3051121

On April 9, 2026, Argentina's National Securities Commission (Comisión Nacional de Valores — CNV) established a new exception to the daily limit of $200 million for transfers of negotiable securities abroad. The regulation, issued as Resolution General (RG) No. 1128, permits transfers of negotiable securities to foreign depositary entities without application of the daily limit, provided the securities have remained in sub-accounts held by the transferor for a minimum of 365 consecutive calendar days. The 365-day period is calculated from the date the securities are credited to the sub-accounts at the Central Depositary Agent of Negotiable Securities (Agente Depositario Central de Valores Negociables). This exception applies regardless of the securities' governing law or amortisation period. The measure supplements existing exceptions to the daily transfer limit and forms part of the CNV's broader capital market normalisation agenda. Roberto E. Silva, CNV president, stated that the authority continues "removing unnecessary obstacles that hinder operations" in line with the National Government's policy objectives. The CNV has pursued capital market deregulation as a short-term goal over the preceding two years, with this measure representing continued progress toward that objective. The regulation reflects Argentina's ongoing efforts to simplify and deregulate securities market operations, removing restrictions that may inhibit market activity and cross-border capital flows for long-held securities positions. REFERENCES: Argentina National Securities Commission (CNV) — Resolution General No. 1128