The National Securities Commission (CNV) made official this Tuesday (15.04.2025/XNUMX/XNUMX) a key measure for the normalization of the capital market: it eliminated the minimum holding period of one business day —known as car park—so that resident individuals can sell securities settled in foreign currency, regardless of the jurisdiction or law of issue. Restrictions on transfers between issuers and recipients of these securities are also lifted.
The decision established in the General Resolution 1062/2025 The Official Gazette responds to a request from the Central Bank (BCRA), made "formally" on April 13, and is part of Phase 3 of the Economic Program launched by the Government in December 2023, which moves towards greater opening of the foreign exchange market.
The regulation explains that since 2019, following the currency crisis in Argentina and during the pandemic, the CNV had imposed more than 30 measures limiting trading in dollar-denominated bonds, seeking to contain volatility and curb speculative maneuvers. Among them, "parking" required holding assets for one day before being able to sell them for settlement in foreign currency.
What changes from today
With this new resolution:
- Minimum terms for selling and transferring bonds in dollars are eliminated for natural persons who are residents.
- Regulatory references to the BCRA's "Foreign and Exchange" regime have been updated in the CNV's regulations.
The measure, effective immediately, responds to the Executive Branch's objectives of facilitating the flow of capital and moving toward a freer and more efficient financial system.
A detailed reading of the standard is recommended to understand the precise scope of the changes..
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
