Regulatory Alerts2023-04-17 | CIEX N° 17/2023Added · Updated
CIEX No. 17/2023: Foreign Exchange Operations with Resources from the Reduction of Participation in CPVIS II, CPVIS III, FIUSEER and/or CPRO Funds
Financial Intermediation Entities must submit a request to the BCB's Financial Entities and International Operations Management one business day prior to processing the sale of US dollars resulting from a reduction in their participation in the CPVIS II, CPVIS III, FIUSEER, or CPRO funds. This requirement applies to operations conducted in foreign currency under the framework of the Legal Reserve Regulation modifications approved by BCB Board Resolution No. 62/2023.
EXTERNAL CIRCULAR La Paz, April 17, 2023 CIEX No. 17/2023 FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT INTERNATIONAL OPERATIONS MANAGEMENT TO: FINANCIAL INTERMEDIATION ENTITIES SUBJECT: FOREIGN EXCHANGE OPERATIONS WITH RESOURCES FROM THE REDUCTION OF PARTICIPATION IN CPVIS II, CPVIS III, FIUSEER AND/OR CPRO FUNDS
Gentlemen:
Within the framework of the modifications to the Legal Reserve Regulation, approved by the Board Resolution (BR) of the Central Bank of Bolivia (BCB) No. 62/2023 of April 12, 2023, the BCB notifies all Financial Intermediation Entities (FIEs) that to request the sale of US dollars originating from the reduction of their participation in the CPVIS II, CPVIS III, FIUSEER, or CPRO funds, in Foreign Currency (FC), they must submit their request to the Financial Entities Management and the International Operations Management of the BCB, one business day before processing the operation, according to the attached format.
Sincerely.
DIGITALLY SIGNED DOCUMENT Rolando Jorge Olmos Alcalá FINANCIAL ENTITIES MANAGER Adriana Dennise Valle Rojas INTERNATIONAL OPERATIONS MANAGER Rubén Gonzalo Ticona Chique GENERAL MANAGER Validate digital signatures at: validar.firmadigital.bo RGTC/RJOA/ADVR/pmms/ssim Adj. As cited
La Paz, __ of _____, 2023 CITE: Gentlemen Financial Entities Manager International Operations Manager CENTRAL BANK OF BOLIVIA Present. - Ref.: FOREIGN EXCHANGE OPERATIONS WITH RESOURCES FROM THE REDUCTION OF PARTICIPATION IN THE [CPVIS II, CPVIS III, FIUSEER OR CPRO] FUND
We have the honor to address you:
Within the framework of the Legal Reserve Regulation, approved by the Board Resolution of the Central Bank of Bolivia (BR) No. 076/2022 dated August 26, 2022, and its modification approved with BR No. 62/2023 of April 12, 2023, we request the reduction of our participation in Foreign Currency (FC) of the [CPVIS II, CPVIS III, FIUSEER or CPRO] fund for USD [AMOUNT in numbers and words], to be credited to our checking and reserve account in National Currency.
Without further matters, we salute you sincerely.
Authorized Signature 1 registered with BCB Authorized Signature 2 registered with BCB