The president of the CNV, Roberto E. Silva, has stressed that work is being done daily to lift restrictions in the capital market and that it is "very important" for the organization to remove the obstacles that still exist in operations.

The National Securities Commission (CNV), the body responsible for the promotion, supervision and control of securities markets in Argentina, has relaxed the limitation for processing or settling sales of negotiable securities with settlement in foreign currency, both in local and foreign jurisdictions.

This measure affects clients who hold positions in foreign currency involving collateral, repurchase agreements or any type of financing through operations in the capital market.

In addition, the scheduling regime is eliminated by eliminating the need for five days' notice for operations exceeding 200 million Argentine pesos (US$ 207,962) for residents and for operations in general for non-residents.

The president of the CNV, Roberto E. Silva, has stressed that work is being done daily to lift restrictions in the capital market and that it is "very important" for the organization to remove the obstacles that still exist in operations.

The easing of the rules is taking into account the prevailing economic and financial context and continuing with the process of normalizing the capital market in terms of purchase and sale operations of negotiable securities settled in foreign currency, by which the regulations issued in due time, on a temporary basis, by the CNV are being readjusted.