Regulatory Alerts2006-02-22
CICR Deliberation No. 241 of 22 February 2006: Amendments to the 19 July 2005 Resolution on Savings Collection by Non-Bank Entities
The Interministerial Committee for Credit and Savings (CICR) issued this resolution to amend its 19 July 2005 regulation regarding savings collection by non-bank entities. The amendment modifies Article 4 to ensure that the overall limit for financial instrument issuances includes amounts related to guarantees provided by the issuing company for bonds and other collection instruments issued by other companies, including foreign ones. This change aligns the CICR's limits with the new provisions introduced by Law No. 262 of 28 December 2005 into Article 2412 of the Civil Code.
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