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Brief
On December 3, 2025, the National Securities Commission (Comisión Nacional de Valores, CNV) issued an update regarding "Modalities for the placement of common open investment funds". The update aims to modernize regulations by incorporating precision-related adjustments and eliminating the "aviso de colocación" trámite from the Trámites a Distancia system. A 15-day public consultation period was announced to gather inputs and proposals from industry stakeholders, which will be considered in finalizing the definitive normative document.
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