The updated regulations will make more small businesses eligible for access to special financing schemes, the watchdog said in a statement.
Under the revised rules, businesses operating in the following segments are classed as SMEs if their total annual revenue does not exceed the corresponding amount.
Farming: 289mn pesos (US$10.5mn)
Industry and mining: 966mn pesos
Commerce: 1.140bn pesos
Services: 328mn pesos
Construction: 452mn pesos
Maximum accumulated issuances by SMEs is raised to 200mn pesos.
Financing provided via the capital markets totaled 117bn pesos in January-May, up 9% year-on-year, CNV said.
Given the turbulence in May, capital markets financing that month was down 80% y-o-y to 5.73bn pesos. Financial trusts accounted for 45% of the total, with 42% corresponding to advances on post-dated checks.
Over January-May, 6.625bn pesos in shares were issued, up 722% y-o-y. The volume of promissory notes negotiated was up 425%, CNV said.
Production minister Francisco Cabrera announced a 33bn-peso package of measures designed to help SMEs, including loans and financial incentives.
Of the total, 22bn is earmarked for working capital loans, 7bn for investment and 4bn for financial inclusion, state news agency Télam reported.
Regarding the resources available for working capital, state lender Banco Nación has established a 10bn-peso pot to award cash advances, at a discounted rate, against post-dated checks.