Regulatory Alerts2022-08-31 | CIEX N° 41/2022Added · Updated
CIEX No. 41/2022: Legal Reserve Regulation
The Central Bank of Bolivia approved the new Legal Reserve Regulation via Board Resolution No. 076/2022, which consolidates previous modifications and extends the deadlines for the CPVIS II and FIUSEER funds. This regulation applies immediately upon publication and explicitly repeals nine prior External Circulars (CIEX Nos. 7/2020, 33/2020, 46/2020, 2/2021, 10/2021, 27/2021, 49/2021, 2/2022, and 29/2022). Financial intermediation entities are required to comply with the consolidated rules effective from the date of publication.
EXTERNAL CIRCULAR La Paz, August 31, 2022 CIEX No. 41/2022 FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL INTERMEDIATION ENTITIES SUBJECT: LEGAL RESERVE REGULATION
Gentlemen:
The Central Bank of Bolivia (BCB) notifies Financial Intermediation Entities that the BCB Board of Directors approved the new Legal Reserve Regulation via Board Resolution No. 076/2022 dated August 26, 2022, available on the BCB website www.bcb.gob.bo, applicable from its publication.
The new Regulation consolidates the modifications made to date with the purpose of having an orderly normative instrument for its application and incorporates the extension of deadlines for the CPVIS II and FIUSEER funds.
Consequently, the following External Circulars are hereby repealed: CIEX No. 7/2020 of February 18, 2020, CIEX No. 33/2020 of July 7, 2020, CIEX No. 46/2020 of September 9, 2020, CIEX No. 2/2021 of February 1, 2021, CIEX No. 10/2021 of April 9, 2021, CIEX No. 27/2021 of August 20, 2021, CIEX No. 49/2021 of December 8, 2021, CIEX No. 2/2022 of January 7, 2022, and CIEX No. 29/2022 of June 29, 2022.
Sincerely.
DIGITALLY SIGNED DOCUMENT Rolando Sergio Colque Soldado FINANCIAL ENTITIES MANAGER Rubén Gonzalo Ticona Chique GENERAL MANAGER
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