Regulatory Alerts2008-01-28
Instruction No. 2008-03 of January 28, 2008 amending Instruction No. 2007-01 of January 18, 2007 regarding the electronic signature of certain documents transmitted to the Banking Commission
The Banking Commission issued Instruction No. 2008-03 to amend the regulatory framework for the electronic signature of documents transmitted to the Commission. The amendments extend the validity deadline to June 30, 2008, clarify the scope of authorized signatories for non-executive personnel, and expand delegation rights to affiliated financial entities within consolidated groups. Furthermore, the instruction reinforces the ultimate responsibility of executive directors for the quality of transmitted information and mandates their ability to sign electronically.
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