pc
nid 92253
Apr 28, 2026
ggallwey@vixio.com
Argentina
Ministry of Justice and Human Rights
financial services
131% of draft length
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1927 charsArgentina's National Securities Commission Simplifies Investigation and Disciplinary Procedures
On an unspecified date in 2026, Argentina's National Securities Commission (Comisión Nacional de Valores – CNV) issued Regulatory Guideline (RG) No. 1131, introducing reforms to streamline its investigation and disciplinary procedures. CNV President Roberto E. Silva stated the update reflects the organisation's commitment to "a more agile, efficient and modern approach to supervision" while optimising processes and reducing unnecessary burdens.
The new regulation introduces several procedural changes designed to enhance the efficiency of the CNV's supervisory functions across both investigation and sanctioning stages. Key amendments include: authorising informational and testimonial hearings via videoconference during investigations where justified by distance, subject to the declarant's request and CNV approval; implementing mandatory complaint ratification between four and twenty business days of submission through the CNV website, with non-compliance resulting in the complaint being deemed not presented; and eliminating the requirement for subsequent ratification in abbreviated summary proceedings where defendants were represented by proxy at preliminary hearings.
The regulation also unifies hearing schedules across summary proceedings in line with RG No. 1112; simplifies terminology and acronyms used in CNV regulations; removes obsolete references to outdated technologies in hearing formalities; and updates the grid of sanctionable conduct subject to abbreviated summary procedures. Additionally, the CNV will publish on its website resolutions concerning the initiation and conclusion of summary proceedings, exclusion of defendants, and preventive suspensions from the date of notification.
REFERENCES:
Comisión Nacional de Valores. Reordenamiento y simplificación de la reglamentación relativa a las áreas de investigaciones y sumarios. RG N° 1131. Available at: https://www.argentina.gob.ar/
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2518 charsArgentine National Securities Commission Issues General Resolution 1131: Simplifying Investigation and Disciplinary Procedures
On April 28, 2026, Argentina's National Securities Commission issued General Resolution No. 1131, introducing a comprehensive reform of its investigation and disciplinary procedures under Title XIII of its regulatory framework. The changes form part of an ongoing effort to modernize supervision, improve procedural efficiency, and align regulatory processes with digital administrative practices.
The resolution introduces targeted reforms across investigation and enforcement procedures, including changes to complaint handling, summary proceedings and the publication of outcomes. A key procedural change is the introduction of a mandatory complaint ratification requirement, under which complaints must be confirmed via CNV’s digital channels between four and twenty business days after submission or will be deemed not filed.
The framework also expands the use of digital tools in supervisory processes. Informational and testimonial hearings may now be conducted via video conference where justified, with formal requirements updated to reflect modern recording and documentation practices. The regulation removes outdated procedural requirements linked to legacy technologies and standardizes the recording and documentation of hearings.
Further reforms target efficiency in sanctioning procedures. The resolution simplifies abbreviated summary proceedings by removing duplicative ratification requirements where defendants are represented at preliminary hearings. It also introduces defined timelines for enforcement outcomes, including a requirement to issue final sanctioning decisions within thirty (30) business days following the preliminary hearing in abbreviated proceedings. In parallel, CNV updates the “Grid of Offending Conducts” used to determine eligibility for abbreviated procedures, supporting a more standardized and predictable enforcement framework.
The update also introduces enhanced transparency measures. CNV will publish key procedural decisions, including the initiation and conclusion of summary proceedings, exclusions of investigated parties and preventive suspensions, on its website following notification.
Taken together, the reforms signal a shift toward a more digital, streamlined and transparent enforcement model, with implications for regulated entities in terms of procedural timelines, engagement with investigations and visibility of supervisory actions. The resolution enters into force on April 30, 2026, the day following its publication in the Official Gazette.