Due to the preventive and compulsory social isolation set forth by Decree No. 297/2020, and extended by No. 325/2020, the Argentine Securities and Exchange Commission (“CNV”) issued its General Resolution No. 832/2020, dated April 7, 2020 (the “Resolution”) extending the deadline for filing the annual and quarterly financial statements of: (i) corporate issuers of shares and securities listed under CNV’s control; (ii) closed mutual investment funds; (iii) financial trusts under the public offering regime; and (iv) small and mediumssized enterprises registered before CNV (“PyMES CNV”).

The Resolution stated that all of the abovementioned must submit their financial statements on the following dates:

  1. For annual statements ending on January 31, 2020, February 29, 2020 and March 31, 2020: within 90 calendar days as from its ending, or within 2 days of its approval by the management body, whichever occurs first; and
  2. For quarterly statements ending on February 29, 2020 and March 31, 2020: within 70 calendar days as from the end of the applicable quarterly period, or within 2 days of its approval by the management body, whichever occurs first.

Finally, the Resolution established that banks and other financial entities authorized by Law No. 21,526 and registered with the CNV for capital market activities must file their financial statements for the quarterly periods ending on December 31, 2020 and March 31, 2020, within 60 calendar days of its respective ending.

The Resolution’s provisions shall be enforceable as from April 8, 2020.

For further information, please do not hesitate to contact Juan Pablo Bove, Federico Salim, Julián Razumny, Julieta De Ruggiero, or Agustín Griffi, or corporate@trsym.com.

In the following link, you can access The Firm’s statement on Coronavirus.

For additional information regarding legal consequences on the COVID-19 crisis please refer here.