Regulatory Alerts2019-02-19 | RESOLUCIONES DE DIRECTORIO N° 015/2019Added · Updated
Board Resolution No. 015/2019
The Central Bank of Bolivia modifies Title V of the Legal Reserve Regulation for Financial Intermediation Entities, specifically extending the deadline for voluntary contributions to the Fund for Credits for the Productive Sector and Social Interest Housing (CPVIS II) to May 31, 2019. The amendment restricts new contributions to resources in foreign currency from external assets deposited in correspondent bank accounts and allows for the return of participation in the fund without the external transfer commission. It also permits the return of these funds to external accounts of the entities, up to the amount of voluntary contributions made between the resolution's approval and May 31, 2019.
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