Regulatory Alerts2015-02-10 | RESOLUCION DE DIRECTORIO Nº 025/2015Added · Updated
Board Resolution No. 025/2015
The Board of Directors of the Central Bank of Bolivia amends Article 5 of the Payment Services Regulation and the Electronic Payment Instruments Regulation to expand the definition of "payment order." The revised definition clarifies that a payment order is an instruction or message requesting the assignment and/or transfer of funds to a beneficiary, explicitly including electronic transfers between natural and legal persons, payments for services, purchase and sale of goods, and payment of obligations such as debts and taxes. These modifications enter into force on the date of approval of the resolution, February 10, 2015.
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