Amendments to Fund Management Regulations Now Simplified

The Argentine Securities Commission (CNV) issued General Resolution 1163, published in the Official Gazette on August 19, 2026, introducing amendments to the regime applicable to mutual funds (FCI). Among the main amendments, RG 1163 eliminates the requirement to prepare addenda and restated texts each time a management regulation is amended. Going forward, management companies must directly publish the complete, updated text of the regulation through the Financial Information Highway (AIF), clearly identifying the amendments introduced.

The Resolution also updates the content of the Single Form for open-end mutual funds (FCIA), incorporating new information intended to facilitate retail investors’  evaluation of funds. Among other matters, it requires including risk indicators, investment horizon, investor profile, information on auditors, fee structure, expenses and commissions, as well as data on historical performance and tax treatment.

RG 1163 also adjusts various procedures applicable to mergers of mutual funds, the replacement of management companies and custodians, and amendments to the management regulations and prospectuses of exchange-traded funds (ETF), in addition to updating certain forms and disclosure regimes available on the AIF.