Regulatory Alerts2021-07-20 | CD-SIBOIF-1259-1-JULIO20-2021Norm for the Revocation of Authorization to Operate as a General Warehouse for Deposit
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued this norm to establish the requirements for general warehouses to voluntarily request the revocation of their operating authorization. The regulation mandates specific documentation, including shareholder resolutions, internal audit reports, and notarized declarations confirming the cancellation of all outstanding deposit certificates and pledge bonds. Upon verification of these requirements, the Superintendent issues the revocation resolution, which must be published in the Official Gazette and registered in the Public Mercantile Registry.
Share