Regulatory Alerts2024-04-03 | RESOLUCIONES DE DIRECTORIO N° 041/2024Added · Updated
Board Resolution No. 041/2024 - Amend the Legal Reserve Regulation for Financial Intermediation Entities
This resolution modifies Articles 30, 31, and the Sole Transitory Provision of the Legal Reserve Regulation for Financial Intermediation Entities (EIF). It establishes that EIFs may make voluntary foreign currency contributions to the CPVIS II Fund until February 2, 2026, and obtain national currency liquidity loans against these resources at 0% interest until the same date, with maturity on March 31, 2026. Additionally, EIFs are authorized to voluntarily substitute foreign currency guarantees with national currency equivalents and make early payments on specific liquidity loans to release foreign currency resources for sale to the Central Bank.
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