Regulatory Alerts2002-03-05 | Resolución 022/2002Added · Updated
Board Resolution No. 022/2002 Approving the Central Bank of Bolivia's Fine Schedule
Board Resolution No. 022/2002 approves the Central Bank of Bolivia's Fine Schedule for operations with the financial system, establishing specific monetary penalties for various infractions. The schedule imposes fines ranging from 300 to 4,000 Bolivianos for issues related to delegated treasury services, such as service suspensions, failure to transmit information, and claims regarding monetary material. Additional penalties apply to ALADI operations, fund transfers, and the Area Payments System, including daily fines for delayed reporting and charges for insufficient funds or uncovered operations. The resolution mandates the Presidency and General Management to execute and ensure compliance with these new fine structures.
BOARD RESOLUTION NO. 022/2002 SUBJECT: INTERNATIONAL OPERATIONS - APPROVAL OF THE CENTRAL BANK OF BOLIVIA'S FINE SCHEDULE.
VIEWED: Law 1670 of October 31, 1995. Board Resolution No. 126/2001 of December 11, 2001, which approves the Schedule of Commissions and Other Income for the 2002 management period. Report from the International Operations Management GOI No. 001/2002 of February 27, 2002. Report from the Legal Affairs Management SANO No. 035/2002 of March 1, 2002.
CONSIDERING: That according to Article 54, subsection n) of Law 1670, it is the responsibility of the Board to formulate policies regarding the internal management of the BCB, supervising their execution. That it is necessary to complement the Schedule of Commissions and Other Income with a Schedule that consolidates the fines collected by the Central Bank of Bolivia for various operations with the financial system.
THEREFORE, THE BOARD OF THE CENTRAL BANK OF BOLIVIA RESOLVES:
Article 1.- Approve the Fine Schedule, currently in effect, for Operations with the Financial System, attached to this Resolution.
//2. B.R. No. 022/2002 Article 2.- The Presidency and the General Management are charged with the execution and compliance of this Resolution.
La Paz, March 5, 2002
Armando Méndez M.
Juan Medinaceli V. Roberto Camacho S. Enrique Ackermann A.
//3. B.R. No. 022/2002 ANNEX CENTRAL BANK OF BOLIVIA FINE SCHEDULE
DESCRIPTION | Bs | $US | % | RESPONSIBLE MANAGEMENT Acquisition of BCB securities | 2% of nominal value | | | Monetary Operations Insufficiency of funds in entity accounts | | | | Assigned Financial Institutions
Delegated Agency Services Contract for Correspondence Treasury Service
- For suspension of service in any district
- First day 1,000.00
- Second day 2,000.00
- From the third day 4,000.00
- For failure to send information to the BCB
- First time 500.00
- Second time 1,000.00
- From the third time 1,500.00
- For written claim sent to the BCB by any financial entity harmed by non-receipt and/or delivery of monetary material
- First claim 300.00
- Second claim 600.00
- From the third claim 1,000.00
ALADI Operations | | | 50.00 | International Operations
- For each business day of delay in submitting information
- Operations processed through the CPCR - ALADI
Treasury | Monetary Operations
- Delay in delivery of remittances | Double the average annual active interest rate to be calculated on the amount of the remittance | | |
- Delay or lack of communication of remittance in transit | 500.00 | | |
- Package of monetary material classified as unfit that contains more than 5 valid banknotes | 2.00 | | |
Fund transfers from financial system accounts | | | 380.00 | Financial Entities
- For insufficiency of funds | | | |
Area Payments System | Operational Areas of the BCB
- Uncovered operations during established hours via Management Circular | 400.00 | | |
- For failure to send information to the BCB
- First time 500.00
- Second time 1,000.00
- From the third time 1,500.00 | Area Payments System | | |
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