Crowdlending Regulation Explained.
Argentina's CNV has regulated collective financing since 2018. Most investors have no idea what the rules say. We translate the regulatory framework into plain language — article by article.
The rules exist.
Almost no one reads them.
Since Resolution 717/2018, Argentina's Comisión Nacional de Valores (CNV) has established a regulatory framework for crowdlending platforms. This framework defines what platforms must disclose, what investors are entitled to know, and what happens when a platform operates without registration.
The problem is that regulatory documents are dense, technical, and written for specialists. Most investors who use crowdlending platforms have never read a single article of the applicable resolutions — and many don't know they exist.
Why We Built This
What guides
everything we do
Four commitments that shape how we approach regulatory education.
Plain Language
Regulatory text is rewritten in accessible language without distorting its legal meaning. No jargon without explanation.
Accuracy First
We cite the actual resolutions and articles. Every explanation is traceable back to the official CNV regulatory source.
Transparency
We are not a law firm, we have no commercial relationship with any platform, and we do not receive commissions of any kind.
Education Only
Our purpose is purely educational. Nothing on this site constitutes legal advice, investment recommendations, or compliance guidance.
Regulations were written.
Explanations weren't.
CNV Resolution 717/2018 and its subsequent modifications run to dozens of articles covering platform registration requirements, investor protections, information disclosure obligations, and enforcement mechanisms. Kelzino maps this terrain so investors can understand where they stand.
The full regulatory
landscape, mapped.
From platform registration to investor complaint channels — we cover the complete CNV crowdlending framework.
CNV Resolutions Explained
Resolution 717/2018 and subsequent modifications, broken down article by article in language anyone can understand.
Read moreLegal Vehicles Permitted
What legal structures can a crowdlending platform use? What are the differences between them and what do they mean for investors?
Read morePlatform Disclosure Obligations
What information are registered platforms required to publish? What must they tell investors before, during, and after a transaction?
Read moreInvestor Rights
What rights does Argentine law grant to investors in crowdlending operations? What can you demand from a registered platform?
Read moreUnregistered Platforms
What happens when a platform operates without CNV registration? What risks does this create for investors and what recourse exists?
Read moreOfficial Complaint Channels
Where can investors formally report issues? A guide to CNV channels, timelines, and what to expect from the complaint process.
Read moreRegulatory terms
you should know
Understanding these concepts is the foundation for reading any crowdlending regulation.
Know what you're
entitled to.
Before committing funds to any crowdlending platform, investors have the right to access specific information that registered platforms are legally obligated to provide. Understanding what that information should look like — and what its absence means — is what Kelzino is here to explain.
The CNV framework creates a baseline of transparency. Knowing that baseline is the first step to using it.
Investor Rights GuideStart with
the regulations.
The CNV regulatory framework is public, binding, and important. Our guide makes it readable for everyone — not just lawyers.