On October 19, the Ministry of Economy announced the implementation of a series of measures designed to “reorder different regulatory aspects affecting operations in the capital markets.” Access the press release by clicking here.

The Ministry of Economy anticipated that as part of efforts to reorganize the regulatory scheme, the National Securities Commission will establish the following:

• A reduction in all current holding periods of marketable securities to 3 days. 
• A mechanism to promote the intermediation process with a view to increasing the liquidity of local instruments.

The Ministry also indicated that the BCRA will repeal point 5 of Communication A7106, so as to encourage operations with local issuances in Argentine-regulated markets. This point also established that non-residents would not be able to sell securities settled in foreign currency in the country.