ARGENTINA: CNV – Update of Minimum Net Worth and Eligible Assets as Liquid Counterpart

Thursday August 21 2025

On 20^th August 2025, the National Securities Commission (CNV) approved RG No. 1080 with the objective of updating the list of assets that can be used by entities under its supervision to comply with the liquid counterparty and guarantee fund III requirements. The regulation also introduces changes to the capital requirements that markets and clearing houses must meet, thus strengthening the solvency and liquidity standards applicable to various entities regulated by the Commission.

In this regard, the list of eligible assets contemplated in current regulations was updated, incorporating new instruments and consolidating those that had already been considered in interpretative criteria, prioritizing liquidity. Furthermore, solvency and liquidity guidelines are established for Agents registered in multiple categories, providing greater regulatory clarity regarding their obligations.

Finally, to facilitate the adaptation of the affected subjects, the Reglamento General (RG) establishes different timelines:

• for the minimum net worth applicable to markets and Clearing Houses until December 31^st, 2025;
• for eligible liquid counterparty assets and Guarantee Fund III, until September 30^th, 2025; and
• for the eligible asset “Shares of Markets authorized by the CNV,” until December 31^st, 2025.

 Click on the above link for further information