Regulatory Alerts2025-07-31 | A 8288Added · Updated
Circular LISOL 1-1113 REMON 1-1137 OPASI 2-736: Regulation of the Labor Termination Fund for Workers under Law 20.744 (Decree 847/24)
The Central Bank of the Argentine Republic mandates commercial banks to establish mandatory individual and collective Labor Termination Fund accounts for workers covered by Law 20.744, in accordance with Decree 847/24. The regulation requires banks to maintain these accounts open for 180 days after employment termination to facilitate potential re-hiring under the same collective agreement and classifies them as stable deposits for liquidity coverage ratio purposes. Financial institutions must optimize administrative processes for rapid account opening, provide monthly electronic statements, and ensure compliance with identification and fiscal status requirements.
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