1996-03-21 | A 2422

Added

Circular LISOL 1 - 133. CONAU 1 - 193. Minimum Liquidity Requirements. Consolidated Text

Financial entities must maintain daily liquidity balances at no less than 50% of the requirement, repeating prior-day balances on non-transaction days. Admitted concepts require custody at Deutsche Bank, New York, with specific deadlines for option notifications (72 hours) and sell orders (five business days). Non-compliance triggers a 40% effective annual interest rate on unpaid charges and mandates a regularization plan within 20 calendar days after four consecutive or six alternating violations. Repeated breaches prohibit branch expansion and cap deposit levels at the non-compliant period’s average. Entities must report responsible officials to the Superintendence within ten calendar days of any roster changes.

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Annotated text · 106 obligations · 33 permissions · 86 reporting items
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