Regulatory Alerts2025-11-13 | A 8354BCRA Circular RUNOR 1-1929 Disciplinary Regime and Foreign Exchange Proceedings Updates
The Central Bank of the Argentine Republic (BCRA) issued Communication “A” 8354 to update its Disciplinary Regime by replacing the interest rate for fine payment facilities in point 3.7 with the Total Banks Wholesale Rate of Argentina (TAMAR) increased by ten percentage points. The resolution establishes that sanctioned entities may opt for up to 36 equal monthly installments, subject to a 10% bank transfer deposit and a 0.5% administrative fee, while granting automatic suspension of fiscal execution upon signing the agreement. All procedural deadlines are peremptory and rulings unappealable, with the updated ordered text published on the BCRA website featuring highlighted modifications.
"Year of the Reconstruction of the Argentine Nation" COMMUNICATION “A” 8354 13/11/2025 TO FINANCIAL ENTITIES, TO FIDUCIARIES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO ADMINISTRATORS OF CREDIT PORTFOLIOS OF PREVIOUS FINANCIAL ENTITIES, TO REPRESENTATIVES OF FOREIGN FINANCIAL ENTITIES NOT AUTHORIZED TO OPERATE IN THE COUNTRY, TO EXCHANGE OPERATORS, TO NON-FINANCIAL COMPANIES ISSUING CREDIT CARDS, TO NON-FINANCIAL COMPANIES ISSUING PURCHASE CARDS, TO OTHER NON-FINANCIAL CREDIT PROVIDERS, TO PAYMENT SERVICE PROVIDERS, TO PAYMENT SERVICE PROVIDERS OFFERING PAYMENT ACCOUNTS, TO PEER-TO-PEER CREDIT SERVICE PROVIDERS THROUGH PLATFORMS, TO VALUE TRANSPORT COMPANIES: Ref.: Circular RUNOR 1-1929: Disciplinary Regime under the Authority of the Central Bank of the Argentine Republic (Laws 21.526 and 25.065) and Processing of Foreign Exchange Proceedings (Law 19.359). Updates.
We address you to inform you that this Institution has adopted the resolution which, in its relevant part, establishes: “- Replace the rate provided for in point 3.7 of the ordered text on the Disciplinary Regime under the Authority of the Central Bank of the Argentine Republic (Laws 21.526 and 25.065) and Processing of Foreign Exchange Proceedings (Law 19.359), applicable to the payment facility regime, with the Total Banks Wholesale Rate of Argentina (TAMAR), which –for its application– must be increased by 10 (ten) percentage points in accordance with that regulation.” Regarding this, we forward you the pages which, replacing those previously provided, must be incorporated into the ordered text of reference. In this sense, it is recalled that on this Institution’s website www.bcra.gob.ar, by accessing “Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Ordered texts of general regulations”, the modifications made with specially highlighted characters (strikethrough and bold) will be found. We remain, respectfully yours.
-2- CENTRAL BANK OF THE ARGENTINE REPUBLIC Mariano P. Basile Marina Ongaro Principal Manager of Legal Affairs General Submanager of Financial Regulation ANEXO
3.4.2. Prove with the submission of the application a deposit of 10% of the sanction amount through bank transfer. The deposit will be applied to the payment of the last installments and, in cases of subsequent withdrawal from the application or failure to finalize the facility agreement, will reduce the outstanding amount. 3.4.3. Prove with the submission of the application payment of the administrative fee, which will be equivalent to 0.5% of the sanction amount. 3.4.4. The Principal Manager of Legal Affairs shall handle all types of communications or requests to the interested party related to the issues raised and shall set, in each case, a deadline whose non-compliance will mean automatic withdrawal of the installment payment petition, requiring immediate initiation of judicial execution of the imposed fine. 3.5. The Submanager of Trust Control shall instrument the interested party’s payment commitment, which must be approved by the Principal Manager of Legal Affairs. If there are judicial actions for fine collection pending, the agreement must be submitted for judicial homologation. 3.6. Facilities will be granted in up to 36 equal and consecutive monthly installments, and, unless there is an express acknowledgment of the obligation with the capacity to interrupt prescription under article 2545 of the Civil and Commercial Code of the Nation, facilities shall in no case be granted for a number of installments exceeding the three-year prescription period for fines provided in article 42 of the Financial Entities Law (LEF). 3.7. During the period from the date of notification of the resolution imposing the fine until its full payment, compensatory interest equivalent to the Total Banks Wholesale Rate of Argentina (TAMAR) published through the BCRA Statistical Bulletin, increased by ten percentage points, shall accrue, effective on the fifth business day prior to the due date of each of the agreed installments. 3.8. The procedure provided for in this regulatory framework is optional and established for the benefit of the sanctioned party, to facilitate compliance with the imposed pecuniary sanction. Its first effect, in case fiscal execution has been initiated, is its suspension, for which the sanctioned party must appear at the time indicated to sign a document requesting suspension of procedural deadlines. The authorization of this Body for such deadline suspension is deemed granted, under article 157 of the Civil and Commercial Procedural Code, to BCRA representatives acting in each process. Therefore, all fixed deadlines will be peremptory, all rulings issued will be unappealable, and any petition not processed within 10 business days of its submission will be considered tacitly denied. Procedural advancement rests with the sanctioned party, who must advance the procedure such that the agreement is finalized within 45 business days of its original submission.
B.C.R.A. DISCIPLINARY REGIME UNDER THE AUTHORITY OF THE CENTRAL BANK OF THE ARGENTINE REPUBLIC (LAWS 21.526 AND 25.065) AND PROCESSING OF FOREIGN EXCHANGE PROCEEDINGS (LAW 19.359) Section 3. Payment of fine sanctions. Version: 5th COMMUNICATION “A” 8354 Validity: 14/11/2025 Page 2
B.C.R.A. ORIGIN OF THE PROVISIONS CONTAINED IN THE ORDERED TEXT ON THE DISCIPLINARY REGIME UNDER THE AUTHORITY OF THE CENTRAL BANK OF THE ARGENTINE REPUBLIC (LAWS 21.526 AND 25.065) AND PROCESSING OF FOREIGN EXCHANGE PROCEEDINGS (LAW 19.359)
| Section | Point | Paragraph | Origin Rule (Com.) | Chapter | Point | Paragraph | Observations |
|---|---|---|---|---|---|---|---|
| 1. | “A” 6167 | 1. | |||||
| 1.1. | “A” 6167 | 1. | According to Com. “A” 8278. | ||||
| 1.1.2. | “A” 6167 | 1. | According to Com. “A” 6421 and 8248. | ||||
| 1.1.3. | “A” 6167 | 1. | |||||
| 1.1.4. | “A” 6167 | 1. | |||||
| 1.1.5. | “A” 6167 | 1. | According to Com. “A” 8248. | ||||
| 1.1.6. | “A” 6167 | 1. | |||||
| 1.1.7. | “A” 6167 | 1. | According to Com. “A” 8248. | ||||
| 1.1.8. | “A” 6167 | 1. | |||||
| 1.1.9. | “A” 6167 | 1. | |||||
| 1.1.10. | “A” 6167 | 1. | According to Com. “A” 8248. | ||||
| 1.1.11. | “A” 7450 | According to Com. “A” 8248. | |||||
| 1.2. | “A” 7710 | 1.y 2. | |||||
| 2. | |||||||
| 2.1. | “A” 6167 | 1. | |||||
| 2.2. | “A” 6167 | 1. | According to Com. “A” 6809 and 8248. | ||||
| 2.3. | “A” 6167 | 1. | According to Com. “A” 6809 and 8248. | ||||
| 2.4. | “A” 6167 | 1. | According to Com. “A” 6809, 7584 and 8248. | ||||
| 2.5. | “A” 6167 | 1. | |||||
| 2.6. | “A” 6167 | 1. | |||||
| 3. | |||||||
| 3.1. | “A” 6167 | 1. | According to Com. “A” 6345. | ||||
| 3.2. | “A” 6167 | 1. | |||||
| 3.3. | “A” 6167 | 1. | According to Com. “A” 7352. | ||||
| 3.4. | “A” 6167 | 1. | According to Com. “A” 6345 and 7352. | ||||
| 3.5. | “A” 6167 | 1. | According to Com. “A” 6345 and 7352. | ||||
| 3.6. | “A” 6167 | 1. | According to Com. “A” 6345. | ||||
| 3.7. | “A” 6167 | 1. | According to Com. “A” 6345, 7352 and 8354. | ||||
| 3.8. | “A” 6167 | 1. | According to Com. “A” 6345 and “C” 80982. | ||||
| 3.9. | “A” 6345 | 9. | According to Com. “A” 6421, 7352 and “C” 80982. | ||||
| 3.10. | “A” 6167 | 1. | According to Com. “A” 6345 and 7352. | ||||
| 3.11. | “A” 6167 | 1. | According to Com. “A” 7352. | ||||
| 3.12. | “A” 6167 | 1. | |||||
| 3.13. | “A” 6167 | 1. | |||||
| 3.14. | “A” 6167 | 1. | |||||
| 3.15. | “A” 6167 | 1. | According to Com. “A” 6345. | ||||
| 3.16. | “A” 6167 | 1. | |||||
| 3.17. | “A” 6167 | 1. | |||||
| 4. | |||||||
| 4.1. | “A” 6167 | 1. | According to Com. “A” 8248 and 8278. | ||||
| 4.2. | “A” 6167 | 1. | According to Com. “A” 8248 and 8278. | ||||
| 4.3. | “A” 6167 | 1. | According to Com. “A” 8248 and 8278. | ||||
| 5. | “A” 6167 | 1. | According to Com. “A” 6421 and 8248. | ||||
| 6. | |||||||
| 6.1. | “A” 6167 | 1. | According to Com. “A” 7937. | ||||
| 6.2. | “A” 6167 | 1. | According to Com. “A” 7937. | ||||
| 6.3. | “A” 6167 | 1. |