Regulatory Alerts2023-08-29 | RESOLUCIONES DE DIRECTORIO N° 120/2023Added · Updated
Board Resolution No. 120/2023
The Central Bank of Bolivia amends the Regulation on Financial Operations with Foreign Entities for State-majority public companies by adding a final provision that exempts them from suspension penalties under Article 8 when liquidating foreign investment funds is hindered by sanctions against the securities issuer. Affected entities must substantiate these non-attributable factors to the Central Bank, which will then communicate accepted justifications to the Financial Services Authority. This resolution takes effect immediately upon approval.
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