Issuers: Corporate Supervision Streamlined

The Argentine Securities Commission (CNV) issued General Resolution 1127 on April 8, 2026, introducing amendments aimed at modernizing and organizing the framework applicable to issuers subject to CNV corporate supervision, external auditors, and associations of professional auditors.

Regarding corporate supervision, the Resolution eliminates the requirement to request prior authorization for amendments to accounting registration systems when the substantial conditions previously approved remain unchanged. It also removes the obligation to report certain changes related to registration media (such as optical or digital support), in line with a technology-neutral approach, and updates provisions concerning the functioning of supervisory bodies, including the possibility of holding remote meetings under conditions that ensure proper participation and recordkeeping.

Likewise, to avoid duplications and facilitate regulatory interpretation and compliance, the regulation introduces drafting adjustments, by eliminating obsolete requirements, simplifying regulatory language, and systematizing provisions of similar content to improve the clarity and consistency of the current regime.

With respect to the external auditors’ regime, the Resolution clarifies the requirements and procedures for registration and continued enrolment in the Registry of External Auditors and the Registry of Associations of Professional Auditors, aligning its provisions with the standards of the International Code of Ethics for Professional Accountants adopted by the FACPCE. The Resolution also establishes the obligation to report to the CNV, within specific deadlines, any relevant amendments to registered information, and organizes the grounds for suspension and cancellation of registration, which strengthens oversight over the professionals involved.

Lastly, the Resolution removes outdated requirements and reorganizes provisions of similar content, thus contributing to clearer and more operational rules with fewer reporting burdens. In this way, the CNV aims to reduce unnecessary administrative burdens and optimize supervision, promoting more agile processes without affecting transparency and control standards applicable to issuers and auditors.

With this Resolution, the CNV continues advancing in the modernization of the capital markets regulatory framework, promoting greater operational efficiency without affecting transparency or investor protection.