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When the FIH unveiled the event hosts for the 2015-2018 cycle, Argentina was chosen to host this tournament for the first time. After the success of the 2012-13 Women's World League Final played in San Miguel de Tucumán, in early 2015 this city was announced as the host for the 2016 edition of the Champions Trophy. However, in March 2016, the FIH had to terminate all contractual agreements with Argentina as the Argentine Hockey Confederation was unable to fulfil their contractual obligations in regards to television rights, sponsorship and the hosting of events. London was announced as the host instead.
After three editions with two different formats, it was decided to go back to the same one used up until the 2010 edition which consisted of a six-team, round robin tournament.
A change in the qualification process was decided, similar to the one used up until 2010. Alongside the host nation, the last Olympic, World Cup and World League champions qualify automatically as well as the winner of the 2014 Champions Challenge I. The remaining spot will be nominated by the FIH Executive Board, making a total of 6 competing teams. If teams qualify under more than once criteria, the additional teams will be invited by the FIH Executive Board as well.