On May 29 th, 2025, the National Securities Commission (CNV) published General Resolution 1067/2025, modifying the regime applicable to transfers of marketable securities to or from abroad.
The new regulation establishes that the daily limit of ARS 200 million will not apply in the case of transfers of marketable securities whose amortization of (payment of capital) – total or partial – occurs no earlier than two years as from the date of issuance. This exception, which until now required a minimum term of three years, only applies if the marketable securities were acquired in a primary placement or bidding, and up to the nominal value subscribed. Bonds for the Reconstruction of a Free Argentina (BOPREAL) issued by the Argentine Central Bank are also included in this regime.
The measure, in line with the CNV’s objective of making the regime applicable to the foreign exchange market more flexible, aims at facilitating genuine investment transactions and providing greater predictability to those who operate with foreign currency instruments, while maintaining control and traceability criteria for market agents.
