Overview
- CNV’s General Resolution 1096, now in force via the Official Gazette, raises the individual cap for traditional and pre‑cancelable time deposits from 35% to 50% each.
- The combined ceiling for both types of deposits stays at 70% of a fund’s assets, and minimum liquidity buffers and other investment limits remain unchanged.
- The regulator frames the move as the product of ongoing monitoring with the BCRA to normalize short‑term markets and enhance operational flexibility for managers.
- Analysts expect reallocations away from exchange repos toward pre‑cancelable deposits, with early readings pointing to softer fixed‑rate benchmarks, firmer caución rates, and possible pressure on digital‑wallet yields.
- The package includes RG 1097 to streamline preliminary definitions and RG 1098 to defer collection of the 2026 supervision fee until February 2, 2026, with specified exceptions.