ARGENTINA: CNV Approves Resolution Updating Prospectus Dissemination Procedures

Thursday April 16 2026

On 15^th April 2026, the National Securities Commission (CNV) announced that within the framework of the modernization process of the Argentine capital market that it has been promoting, and in line with the debureaucratization agenda of the National Government, approved General Resolution No. 1129 aimed at updating the regime applicable to the dissemination of information related to public offerings through the distribution of prospectuses, prospectus supplements or other preliminary offering documents.

The initiative arises from the analysis of the current text, which showed the need to make adjustments to provide greater clarity and simplicity in the use of preliminary prospectuses and other early dissemination documents, especially in public offering processes with automatic authorization and others that do not require prior approval.

The regulation clarifies the possibility of distributing preliminary documents both in regimes with prior authorization from the CNV and in those that do not require it, such as automatic regimes, the issuance of classes or series under global programs and under the Frequent Issuer Regime, and adapts the content of the legends to suit each applicable regime scenario.

Finally, it establishes a maximum period of 20 business days for the validity of the preliminary information in case a placement is not carried out within that period.

With this initiative, the CNV reaffirms its commitment to a modern, predictable and efficient regulatory framework that facilitates access to productive financing, reduces unnecessary transaction costs and preserves transparency and investor protection.

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