Circular RUNOR 1-1713: Disciplinary Regime of the Central Bank of the Republic of Argentina, Laws 21.526 and 25.065 and their Amendments

COMMUNICATION "A" 7439 12/01/2022
TO FINANCIAL ENTITIES,
TO FIDUCIARIES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO CREDIT PORTFOLIO ADMINISTRATORS OF EX-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 THAT OFFER PAYMENT ACCOUNTS, TO SECURITIES TRANSPORTERS:
Ref.: Circular
RUNOR 1-1713:
Disciplinary Regime under the Central Bank of the Republic of Argentina, Laws 21.526 and 25.065 and their amendments. ___________________________________________________________________________ We address you to inform you that this Institution has adopted the following resolution:

"- Establish the value of the Sanctioning Unit for the entire year 2022 at the sum of $ 300,000 (three hundred thousand pesos)."

Likewise, we send you the sheets that, in replacement of those previously provided, must be incorporated into the referenced regulations. In this sense, we remind you that on this Institution's website www.bcra.gob.ar, by accessing "Financial System - LEGAL AND REGULATORY FRAMEWORK - Orders and summaries - Ordered texts of general regulations", the modifications made with text highlighted in special characters (strikethrough and bold) will be found.

-2-
We greet you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Graciela A. Haggi Rubén Darío Narduzzi
Manager of Contested Affairs Manager Principal of in Financial Affairs Contested Affairs WITH COPY TO PROVIDERS OF CREDIT SERVICES BETWEEN INDIVIDUALS THROUGH PLATFORMS
ANNEX

8.1. Circumstances and exceptional cases.
Only in exceptional cases may the resolving instance apply criteria that deviate from what is provided in this regime, mitigating or aggravating sanctions with due justification, among others, in particular cases that may possess characteristics that do not fit within this regulation. Such criteria must necessarily be applied in accordance with the circumstances of the case, the general principles of law applicable, and constitutionally recognized guarantees, preventing arbitrary discriminations.
8.2. Sanctioning Unit.
Fine sanctions will be calculated using the value of the Sanctioning Unit in effect at the time of the issuance of the sanctioning resolution by the BCRA and will be expressed in pesos. Each calendar year the BCRA will inform the value of the Sanctioning Unit and update the following table:
B.C.R.A.
DISCIPLINARY REGIME UNDER THE CENTRAL BANK OF THE ARGENTINE REPUBLIC, LAWS 21.526 AND 25.065 AND THEIR AMENDMENTS
Section 8. Other provisions.
Year Value of the Sanctioning Unit
2017 $ 50,000 (fifty thousand pesos)
2018 $ 57,500 (fifty-seven thousand five hundred pesos) 2019 $ 90,000 (ninety thousand pesos) 2020 $ 136,400 (one hundred thirty-six thousand four hundred pesos) 2021 $ 200,000 (two hundred thousand pesos) 2022 $ 300,000 (three hundred thousand pesos). Version: 6th COMMUNICATION "A" 7439 Validity:
03/01/2022 Page 1

"DISCIPLINARY REGIME UNDER THE CENTRAL BANK OF THE ARGENTINE REPUBLIC, LAWS 21.526 AND 25.065 AND THEIR AMENDMENTS" ORDERED TEXT SOURCE NORM OBSERVATIONS Section Point Paragraph Com. Chapter Point Paragraph 7.
7.1. "A" 6167 1.
7.2. "A" 6167 1.
7.3. "A" 6167 1.
7.4. "A" 6167 1.
7.5. "A" 6167 1.
7.6. "A" 6167 1.
7.7. "A" 6167 1.
8.
8.1. "A" 6167 1. According to Comm. "A" 6421.
8.2. "A" 6167 1. According to Comm. "A" 6421, 7439,
"B" 11650, 11792, 11938 and
12113.
9. "A" 6167 1. According to Comm. "A" 6305, 6421 and
6639.