Regulatory Alerts2026-01-22 | A 8390Circular CAMEX 1-1059: Foreign Exchange and Currency Adjustments
The Central Bank of the Argentine Republic issued Circular CAMEX 1-1059 to replace section 3.6.4.6 and incorporate a new section 3.6.4.X into the Consolidated Text on Foreign Exchange and Currency, updating regulatory requirements for prepaying principal, interest, and foreign currency financing alongside new securities or local loans. The amended provisions require that prepayments occur simultaneously with the settlement of newly issued securities or financing, mandate that the average life of the new instrument exceeds the remaining average life of the prepaid debt, and cap accumulated principal maturities of the new instrument against those of the original debt. Financial entities and exchange houses must implement these structural adjustments immediately while awaiting delivery of replacement regulatory sheets.