On April 1, 2026, the National Securities Commission (“CNV”) issued General Resolution No. 1124, thereby initiating the “Participatory Rulemaking” process regarding the “Draft General Resolution on Open-Ended Mutual Funds (ETFs).” In other words, the CNV has not yet approved a definitive framework for local ETFs, but rather has submitted for public consultation a regulatory proposal aimed at establishing a specific framework for open-end mutual funds that replicate indices through passive management, providing for their trading on secondary markets and setting conditions to ensure their proper functioning.
Access the complete text of the Resolution here.
This publication was prepared based on information as of April 6, 2026, and does not constitute legal advice on specific matters. If necessary, you should seek specialized legal counsel.
For more information, please contact:
Sebastián Luegmayer – LuegmayerS@eof.com.ar