CNV Broadens The Definition Of Qualified Investor

Author:Mr Fermín Caride, María Victoria Funes and Iván Bovio Marenco
Profession:M & M Bomchil

On September 10, 2018, General Resolution 761-E/2018, issued by the Comisión Nacional de Valores ("CNV"), was published in the Official Gazette, by means of which the CNV introduced amendments to persons that are deemed "Qualified Investors."

The Resolution broadened the existing definition by incorporating the following persons as "Qualified Investors:" (i) international organizations; (ii) public trust funds; (iii) pension funds; (iv) publicly offered financial trusts; (v) insurance and reinsurance companies, and labor risk insurance companies; (vi) mutual guarantee associations; (vii) agents registered with the CNV, provided that they act on their own behalf; (viii) individuals registered with the CNV; and (ix) individuals or legal entities, other than those mentioned above, that hold, at the time the investment is made, investments in securities and/or deposits in financial entities for an amount of at...

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