Circular RUNOR 1-1768: Disciplinary Regime under the Central Bank of the Republic of Argentina, Laws 21.526 and 25.065 and Amendments. Update

"1983/2023 - 40 YEARS OF DEMOCRACY"
COMMUNICATION “A” 7670 11/01/2023
TO FINANCIAL ENTITIES,
TO TRUSTEES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO ADMINISTRATORS OF CREDIT PORTFOLIOS 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 OFFERING PAYMENT ACCOUNTS, TO PAYMENT SERVICE PROVIDERS OFFERING PEER-TO-PEER CREDIT SERVICES THROUGH PLATFORMS, TO VALUE TRANSPORTERS:
Ref.: Circular
RUNOR 1-1768:
Disciplinary Regime under the Central Bank of the Republic of Argentina, Laws 21.526 and 25.065 and Amendments. Update. ___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, provides:

“- Establish the value of the Sanctioning Unit for the entire year 2023 at the sum of $ 600,000 (six hundred thousand pesos)”

Likewise, we forward 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, 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 salute you attentively.
CENTRAL BANK OF THE REPUBLIC OF ARGENTINA
Graciela A. Haggi Rubén D. Narduzzi
Manager of Contencious Affairs in Financial Matters Principal Manager of Contencious Affairs

ANNEX

8.1. Circumstances and exceptional cases.
Only in exceptional cases may the resolving instance apply criteria that depart 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 applicable law, and constitutionally recognized guarantees, preventing arbitrary discrimination.
8.2. Sanctioning Unit.
Fine sanctions shall 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 shall 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 REPUBLIC OF ARGENTINA, LAWS 21.526 AND 25.065 AND 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). 2023 $ 600,000 (six hundred thousand pesos). Version: 7th. COMMUNICATION “A” 7670 Validity:
02/01/2023 Page 1

“DISCIPLINARY REGIME UNDER THE CENTRAL BANK OF THE REPUBLIC OF ARGENTINA, LAWS 21.526 AND 25.065 AND AMENDMENTS” ORDERED TEXT SOURCE REGULATION 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 Com. “A” 6421.
8.2. “A” 6167 1. According to Com. “A” 6421, 7439,
7670, “B” 11650, 11792,
11938 and 12113.
9. “A” 6167 1. According to Com. “A” 6305, 6421 and
6639.

---