Regulatory Alerts2025-09-11 | A 8324Circular OPRAC 1-1292: Credit Portfolio Assignment. Adjustments.
The Central Bank of the Argentine Republic exempts financial entities from prior authorization and reporting requirements when selling or assigning third-party credit portfolios to unaffiliated parties, as stipulated in point 1.1 of the consolidated text on Credit Portfolio Assignment. This regulatory adjustment streamlines transactions by eliminating the need for Superintendence approval and direct information submissions. The Bank will subsequently issue updated informational sheets to replace existing documentation in the referenced consolidated text.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION "A" 8324 11/09/2025 TO FINANCIAL ENTITIES: Ref.: Circular OPRAC 1-1292: Credit Portfolio Assignment. Adjustments.
We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, establishes: "- It is ordered that for any sale or assignment carried out by financial entities to unaffiliated persons, regarding credits granted to third parties –as provided in point 1.1. of the consolidated text on Credit Portfolio Assignment– prior authorization from the Superintendence of Financial and Foreign Exchange Entities will not be required, nor will information need to be sent to that authority." Furthermore, we inform you that we will subsequently send you the sheets which, in replacing those previously provided, must be incorporated into the referenced consolidated text. Sincerely, CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Chief Manager of Issuance and Regulatory Applications Deputy General Manager of Monetary Regulation