Argentina: The National Securities Commission (CNV) revokes restrictions from Resolutions 907/21 and 911/21
Following Announcement A21105, Clearstream Banking1 would like to inform customers that the National Securities Commission (CNV) published Resolution 923/22 on 4 March 2022.
7 March 2022
the regulation states that restrictions introduced by Resolutions 907/21 and 911/21 related to the booking of securities transactions versus foreign currency or transfer securities to and from ICSDs have been revoked.
Customers should be aware that that the sworn declaration to be requested by local brokers before being able to book securities transactions versus foreign currency or transfers to and from ICSDs, will no longer be needed as restrictions introduced by Resolution 907/21 have been revoked.
Customers should refer to the attached CNV Resolution 923/22.
Impact on customers
External against payment transactions in ARS remain suspended until further clarification from regulators.
Alternatively, Clearstream Banking customers can settle external transactions on a free of payment basis.
Internal and Bridge transactions are open for settlement in ARS.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.