RegAlert2020-05-28 | CIEX N° 23/2020Added · Updated
CIEX No. 23/2020: Procedure for No Objection to New Electronic Payment Services and Instruments
The Central Bank of Bolivia establishes the mandatory procedure for financial entities to obtain a no-objection response before incorporating new electronic payment services or instruments into their operations. Entities must submit a formal note detailing the service description, security features, operational processes, testing results, and contingency plans to the General Management. Upon receiving the no-objection response, entities must then request authorization from the Financial System Supervision Authority (ASFI). This circular repeals External Circular SGDB No. 006/2018.
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BANCO CENTRAL OF BOLIVIA
PLURINATIONAL STATE OF BOLIVIA
EXTERNAL CIRCULAR
La Paz, May 22, 2020
CIEX No. 23/2020
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: PARTICIPANTS IN THE INTEGRATED PAYMENT SETTLEMENT SYSTEM SUBJECT: PROCEDURE FOR NO OBJECTION TO NEW ELECTRONIC PAYMENT SERVICES AND INSTRUMENTS
Ladies and Gentlemen:
Within the framework of the Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement, updated with BCB Board Resolution No. 137/2019 of October 8, 2019, and its subsequent modifications, entities covered by this regulation must request the No Objection of the Issuing Authority in case they require the incorporation of any service or Electronic Payment Instrument (EPI) into their operations¹.
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Lineage: In force
Timeline
This document supersedes: SGDB No. 006/2018: Procedure for No Objection to New Electronic Payment Services or Instruments
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works