Financial Trusts Regime Now Streamlined

On September 3, 2025, the Argentine Securities Commission (CNV) issued General Resolution 1084 , which introduces multiple substantive adjustments to the Financial Trusts Regime. The measure seeks to streamline processes, harmonize criteria, and tailor requirements to the scale and complexity of each issuance.

Accordingly, the CNV eliminates (among others):
 

1. the restriction on series numbering in global programs,
2. the obligation to submit certifications (except accounting/auditor certificates),
3. certain documentation required to request public offering authorization,
4. substantive and formal requirements for corporate resolutions of the trustee/settlor,
5. the obligation to file quarterly financial statements (replaced by more decision-useful accounting reports).

The Resolution also cleans up prospectus content requirements and removes legacy regimes no longer in use.

The change entails a reduction from 124 to 87 articles, which represents a significant regulatory cut and a simplification aimed at revitalizing a key vehicle for structured financing.

The Resolution permits, as a general rule, virtual meetings, refines registration requirements for financial trustees by providing for the removal of those who do not operate for two consecutive periods, and updates disclosure channels via the Financial Information Highway.