Regulatory Alerts2017-06-06 | RESOLUCIONES DE DIRECTORIO N° 078/2017Added · Updated
Board Resolution No. 078/2017
The Board of Directors of the Central Bank of Bolivia amends Articles 31(5) and 31(6) of the Legal Reserve Regulation to require Financial Intermediation Entities to submit a sworn declaration letter to the Central Bank, with a copy to the Financial System Supervision Authority, within five business days if demonstrating reserve compliance on a date other than month-end. The resolution also clarifies that the Financial System Supervision Authority will apply corresponding fines or sanctions if these entities fail to submit the required letters within the stipulated deadlines. These modifications enter into force on June 6, 2017.
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