Circular CREFI 2-139: Authorization and Capital Composition of Financial Entities. Adjustments.

“Year of the Reconstruction of the Argentine Nation” COMMUNICATION “A” 8242 15/05/2025 TO FINANCIAL ENTITIES:
Ref.: Circular
CREFI 2-139:
Authorization and Capital Composition of Financial Entities. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, provides:

“- Substitute points 2.5., 2.7.1. and 2.7.2. of the consolidated text on Authorization and Capital Composition of Financial Entities with the following:

“2.5. Evaluation fee.
The authorization applicant must pay an amount equivalent in pesos to 10,000 (ten thousand) Units of Purchasing Value (UVA), according to the value published by the BCRA corresponding to the payment date, as an evaluation fee for the proposal and attach the payment receipt to the application.”

“2.7.1. Banks: an amount equivalent in pesos to 80,000 (eighty thousand) UVA, according to the value published by the BCRA corresponding to the payment date.
2.7.2. Remaining classes of financial entities (excluding cooperative credit unions): an amount equivalent in pesos to 35,000 (thirty-five thousand) UVA according to the value published by the BCRA corresponding to the payment date.”

Regarding this, we provide you with the sheets that, in replacement of those previously provided, must be incorporated into the consolidated text of the 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 - Consolidations and summaries - Consolidated texts of general regulations”, the modifications made with texts highlighted in special characters (strikethrough and bold) will be found.

We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
María N. Prieto Mazzucco Marina Ongaro
Deputy Manager of Monetary Regulations and
Active Operations
Deputy General Manager of Financial Regulation

ANNEX

-Index
Section 5. Modifications of shareholding composition and control structure.
5.1. Modifications of shareholding composition.
5.2. Significant modifications of shareholding composition.
5.3. Other modifications of shareholding composition.
5.4. Offers in markets.
5.5. Significant modifications of shareholding composition of legal entities with domicile abroad.
5.6. Non-compliance.
5.7. Model of information on shareholders.
Section 6. Common provisions.
6.1. Deficient requests.
6.2. Personal background, asset declarations and sworn statements.
6.3. Information on fund origins.
6.4. Requirements of the required documentation.
6.5. Transport of securities.
Section 7. Special information.
7.1. Persons linked to shareholders and authorities.
7.2. Consolidated financial statements.
7.3. Relatives of shareholders, authorities and external auditor.
7.4. Operations of entities abroad with residents in the country.
Correlation table.
B.C.R.A. CONSOLIDATED TEXT ON
AUTHORIZATION AND CAPITAL COMPOSITION OF FINANCIAL ENTITIES Version: 5th COMMUNICATION “A” 8242 Validity:
16/05/2025 Page 2

2.4.11.3. Note describing the deposit guarantee regime existing in the country of origin and whether and to what extent it extends to those constituted in the Argentine Republic.
2.4.11.4. Note in which the supervisory authorities of the parent company express favorable opinion on the opportunity and convenience of establishing a branch in the country.
2.4.11.5. Main regulations to which the parent company is subject in its country of origin (consolidated supervision, liquidity, solvency, risk concentration, liquidation or bankruptcy regime). The SEFYC may dispense with this requirement when there is prior information on the matter.
2.4.12. For the purpose of verifying that the foreign entity requesting authorization is not a “shell bank”, the financial entity must present certification from the supervisory authority of the country of origin stating that such entity conducts business in the jurisdiction where it is authorized to carry out financial activity, maintains a record of operations at its domicile, is subject to inspection by the competent authority in financial business matters, and additionally, employs full-time executive and administrative staff at its registered office.
2.5. Evaluation fee.
The authorization applicant must pay an amount equivalent in pesos to 10,000 Units of Purchasing Value (UVA) according to the value published by the BCRA corresponding to the payment date as an evaluation fee for the proposal and attach the payment receipt to the application.
2.6. Resolution.
When considering the authorization request, the BCRA will evaluate the convenience of the initiative, the characteristics of the project, the general and particular conditions of the market, and the background and responsibility of the applicants and their experience in the financial activity. If the applicant is a foreign financial entity operating under authorization extended by another country’s authority, the regulations in force in that country and the scope of the supervision regime to which it is subject will also be taken particularly into account.
2.7. Licensing fees.
Once the authorization request is resolved favorably, the following licensing fees must be paid:
2.7.1. Banks: an amount equivalent in pesos to 80,000 UVA according to the value published by the BCRA corresponding to the payment date.
2.7.2. Remaining classes of financial entities (excluding cooperative credit unions):
an amount equivalent in pesos to 35,000 UVA, according to the value published by the BCRA corresponding to the payment date. B.C.R.A. AUTHORIZATION AND CAPITAL COMPOSITION OF FINANCIAL ENTITIES
Section 2. New financial entities.
Version: 5th COMMUNICATION “A” 8242 Validity:
16/05/2025 Page 5

AUTHORIZATION AND CAPITAL COMPOSITION OF FINANCIAL ENTITIES CONSOLIDATED TEXT ORIGINATING REGULATION OBSERVATIONS Sec. Point Para. Comm. Annex Chap. Sec. Point Para. 2.
2.4.8.2. “A” 2241 I 1. 1.2.2.6. According to Comm. “A” 5248,
5485, 5785, 6129 and
6304.
2.4.8.3. “A” 2241 I 1. 1.2.2.6. According to Comm. “A” 5248,
5485, 5785, 6129 and
6304.
2.4.8.4. “A” 2241 I 1. 1.2.2.7. 1st According to Comm. “A” 5485.
2.4.8.5. “A” 6290 1. According to Comm. “A” 6304.
2.4.9. 1° “A” 2241 I 1. 1.2.2.8.
2.4.10. “A” 2241 I 1. 1.2.2.10. According to Comm. “A” 6304.
2.4.11. “A” 2241 I 1. 1.6. 1°
“A” 2241 I 1. 1.6.2. 1°
2.4.11.1. “A” 2241 I 1. 1.6.2.1.
2.4.11.2. “A” 2241 I 1. 1.6.2.2. According to Comm. “A” 6129.
2.4.11.3. “A” 2241 I 1. 1.6.2.3. According to Comm. “A” 6129.
2.4.11.4. “A” 2241 I 1. 1.6.2.4.
2.4.11.5. “A” 2241 I 1. 1.6.2.5. According to Comm. “A” 6129.
2.4.12. “A” 2241 I 1. 1.1.1. According to Comm. “A” 5006 and
5133 and 6129.
2.5. “A” 2241 I 1. 1.2.1. According to Comm. “A” 2940,
7020 and 8242.
2.6. “A” 2241 I 1. 1.1.1. 1st and 2nd
2.7. “A” 2241 I 1. 1.4.3. 1st According to Comm. “A” 2940,
4368, 7020 and 8242.
2.8.1. “A” 2241 I 1. 1.4.3. last According to Comm. “A” 2940,
4368.
2.8.2. “A” 2241 I 1. 1.4.3. 1st According to Comm. “A” 2940,
4368 (pt. 4.) and 6129.
2.9. 1° “A” 2241 I 1. 1.4.1.
2.9.1. “A” 2241 I 1. 1.3.1. 1st According to Comm. “A” 4368.
2.9.2. “A” 2241 I 1. 1.3.1. According to Comm. “A” 4368 and
6129, 7470 and 7524.
2.9.3. “A” 2241 I 1. 1.4.1. According to Comm. “A” 6129.
“A” 2241 I 1. 1.4.1.6.
2.9.3.1. “A” 2241 I 1. 1.4.1.1. According to Comm. “A” 6129.
2.9.3.2. “A” 2241 I 1. 1.4.1.2. According to Comm. “A” 6129 and
6304.
2.9.3.3. “A” 2241 I 1. 1.4.3. and
1.4.1.6.
According to Comm. “A” 4368 and
6129.
2.9.3.4. “A” 2241 I 1. 1.4.1.3. According to Comm. “A” 6129.
2.9.3.5. “A” 2241 I 1. 1.4.1.4.
2.9.3.6. “A” 2241 I 1. 1.6.3.
2.9.3.7. “A” 2241 I 1. 1.4.1.5.
2.9.3.8. “A” 4557 I 1. 1.4.1.8. According to Comm. “A” 4649.
2.9.4. 1° “A” 2241 I 1. 1.3.2.
2.9.4.1. “A” 2241 I 1. 1.3.2.
2.9.4.2. 1° “A” 2241 I 1. 1.3.2.
last “A” 2241 I 1. 1.3.3.
2.9.5. “A” 2241 I 1. 1.4.1.6.

AUTHORIZATION AND CAPITAL COMPOSITION OF FINANCIAL ENTITIES CONSOLIDATED TEXT ORIGINATING REGULATION OBSERVATIONS Sec. Point Para. Comm. Annex Chap. Sec. Point Para. 7.
7.2. “A” 2241 I 1. 1.7.2. According to Comm. “A” 6129,
6327 and 6639.
7.3.1. “A” 2573 4. 1st and 2nd According to Comm. “A” 6129.
7.3.2. “A” 2573 4. 2nd
7.3.3. “A” 2573 4. last
7.3.4. “A” 2573 V According to Comm. “A” 6129.
7.4. “A” 2822 2.