Debt Securities Disclosure and Placement Periods Now Reduced

The Argentine Securities Commission (CNV) issued General Resolution 1119 on March 11, 2026, introducing amendments to streamline the primary placement processes for negotiable securities for issuers registered as frequent issuers. The Resolution provides that, when the issuer is registered as a frequent issuer, the period for disclosure and primary placement may be concentrated in a single business day, if it guarantees at least five hours of effective disclosure.

This flexibility is based on the greater transparency and reporting frequency requirements to which frequent issuers are subject, which means that the investing public already has continuous, up-to-date, and sufficient information regarding their financial, equity, and corporate governance status. This makes it unnecessary to require extended disclosure periods before initial public offerings.

This flexibility does not imply a reduction in disclosure obligations. On the contrary, the regulation reaffirms the obligation to publish prospectuses and supplements on the Financial Information Highway and on the markets where the securities are listed.

Further, the reduction does not apply to transactions that, due to their structural complexity—such as convertible notes, thematic bonds, or refinancing and exchange processes—require different timeframes for review and disclosure.

With this amendment, the CNV seeks to reduce regulatory costs and timelines, allowing companies to more quickly capitalize on market opportunities for financing without compromising disclosure standards or investor protection.

This insight is a brief commentary on legal developments in Argentina; it is not intended to be an exhaustive analysis or to provide legal advice.