The Central Bank of the Argentine Republic continues its policy of foreign exchange deregulation. This time, through Communication “A” 8230, changes are introduced to the regime for the payment of financial debts with related companies, the repatriation of nonresident investments, and the reduction of minimum holding periods for certain financial investments.
Through Joint Resolution 1/25 by the Department of Industry and Commerce and the Department of State Transformation and Public Function, the Public Competition Regulations for the appointment of senior officials of the future National Competition Authority have been approved.
On 9 January 2025, the National Securities Commission issued General Resolution No. 1047/2025, establishing the regulatory framework applicable to the automatic public offering of securities under different modalities.
On 17 September 2024, within the framework of the National Program for Transparency and Protection of Personal Data in the Use of Artificial Intelligence, the Agency for Access to Public Information published the preliminary version of the “Guide for Public and Private Entities on Transparency and Personal Data Protection for Responsible Artificial Intelligence”.
On 29 August 2024, the Central Bank of the Republic of Argentina (BCRA, after its Spanish abbreviation) issued Communication “A” 8099, which sets forth the implementation of the foreign exchange benefits provided by the Incentives Regime for Major Investments (RIGI, after its Spanish abbreviation).
Resolution 64/2024 (“Resolution”), issued by the Dirección Provincial de Personas Jurídicas de la Provincia de Buenos Aires (DPPJ), establishes a new regulatory framework for companies incorporated abroad to be registered in Argentina as a branch or to participate in local companies.
This new regulation applies to foreign companies already registered with the DPPJ, as well as to those that are in the process of being registered or will be registered with the DPPJ after the Resolution’s entry into force on 17 July 2024.
On 15 July 2024, the National Securities Commission (CNV) issued General Resolution No. 1009/2024 inviting the public to express their opinions and/or proposals regarding the adoption of a regulation on the private offering of marketable securities considering the text proposed by the CNV.
Through Resolution No. 13/2024, the National Communications Authority (ENACOM) repealed certain resolutions that regulated the fixing of prices of information and communication technology services. Pursuant to Decree No. 302/2024, the National Executive Power deregulated ITC Services, modifying Argentine Digital Law No. 27,078 and repealing Decree No. 690/2020, which eliminated the power of ENACOM to regulate prices. The Resolution seeks to promote the expansion of services, fostering a more competitive environment in the ITC industry.
On 5 July 2024, the Argentine Central Bank issued Communication “A” 8059, introducing amendments applicable to the payment of interest on commercial and financial debt between related counterparties, to the extent that certain requirements set forth in the regulation are met.
On 19 June 2024, Resolution No. 101/2024 (“Resolution”) was published in the Official Gazette. The Resolution established that the 17.5% Tax on the Acquisition of Foreign Currency (“Tax”) no longer applies to the acquisition of foreign currency to pay for the importation of goods to be used in the projects included in the list. The Resolution will apply to the operations carried out to acquire foreign currency as of 19 June 2024.