Argentina's CNV Reverses Rule, Eliminates Checks for Stockbroker Payments

Argentina's National Securities Commission (CNV) reversed a previous rule on Monday, eliminating checks as a payment method for stockbrokers' clients. The decision, announced by the regulatory body, means that stockbrokers in the country will no longer be able to accept checks from their clients for transactions.

The move is part of an ongoing effort to modernize and streamline financial operations within Argentina's securities market. The CNV's reversal of the earlier rule takes effect immediately, impacting how clients settle trades and