CIRCULAR N°2517

Montevideo, 23 October 2026

CENTRAL BANK OF URUGUAY

Ref: Compilation of Rules of the Payment System, incorporation of article – book VII

You are hereby informed that this Central Bank adopted, on 21 October 2026, Resolution No. D/330/2026, which is attached.

EDUARDO LERETÉ
MARKET PROMOTION AND REGULATION MANAGEMENT
OF THE PAYMENT SYSTEM

(Exp. No. 2026-50-1-01756)

Diagonal Fabini 777 - C.P. 11100 - Tel.: (598 2) 1967 - Montevideo, Uruguay - www.bcu.gub.uy

BOARD OF DIRECTORS - RESOLUTION

Montevideo, 21 October 2026.

B O A R D O F D I R E C T O R S

WHEREAS: the regulations on electronic payment means and institutions participating in the payment system of Book VII of the Compilation of Rules of the Payment System.

WHEREAS: Article 353.5 of the Compilation of Rules for the Regulation and Control of the Financial System establishes a specific obligation to provide information on exchange rate risk applicable to certain deposits in foreign currency.

WHEREAS: I) Electronic Money Issuing Institutions may offer electronic money instruments in foreign currency, and therefore it is appropriate to establish homogeneous information standards to consolidate regulatory symmetry among the different service providers,

II) that the measure is limited to the obligation to provide prominent information and to acknowledge receipt, without altering the economic conditions of the instruments covered, respecting freedom of contract through informed consent;

III) that the Financial Policy and Payment System Management carried out the analysis of the comment received in the framework of the public consultation conducted on the proposed regulations.

IN VIEW OF: the foregoing, the provisions of Article 3 of Law No. 16.696 of 30 March 1995 and amendments thereto (Charter of the Central Bank of Uruguay), Law No. 18.573 of 13 September 2009, Law No. 19.210 of 29 April 2014, the report of the Financial Policy and Payment System Management dated 19 October 2026 and other background documents in file No. 2026-50-1-1756,

IT IS RESOLVED:

1) To incorporate into Book VII of the Compilation of Rules of the Payment System the following article:

ARTICLE 95.1 (INFORMATION ON BALANCES IN FOREIGN CURRENCY).

Electronic Money Issuing Institutions that offer general, special and/or mixed electronic money instruments denominated in foreign currency must

BOARD OF DIRECTORS - RESOLUTION

inform resident natural persons or sole proprietorships, in the documentation to be provided at the time of contracting or opening the instrument, at a minimum the following:

“Information on exchange rate risk: This balance is denominated in [foreign currency], and is therefore exposed to exchange rate risk. Although its value in foreign currency does not change, its equivalent in Uruguayan pesos could suffer negative or positive variations as a consequence of exchange rate fluctuations. For more information, consult the website of the Central Bank of Uruguay at: https://www.bcu.gub.uy/Paginas/depositos-en-moneda-extranjera.aspx. This information does not constitute financial advice or an investment recommendation.”

The information must appear in a document separate from the general and particular conditions of the contract, be presented prominently and its receipt by the user must be acknowledged.

TRANSITIONAL PROVISION: Institutions must communicate this information to users who hold general, special and/or mixed electronic money instruments in foreign currency at the time of entry into force of this provision, referring to said products, by means of: email message to the mailbox registered with the institution; notification through its digital channels or a prominent notice on the main page of its website for a period of no less than ten business days. The modifications set forth above shall take effect as from 2 January 2027. The deadline to notify existing users shall expire on 28 February 2027.

2) To entrust the communication of the provisions by means of a circular to the Financial Policy and Payment System Management.

(Session of today - Minutes No. 3856)
(File No. 2026-50-1-1756)

Viviana Pérez
General Secretary

Aar/am/ds
Publishable resolution

Signatory: Viviana Perez Benech Date: 21/10/2026 14:32:55