Regulatory Alerts2024-02-01
Added · Updated
Compilation of Operating Rules – Modification of Article 1 of Book I – Foreign Exchange Operations and Article 155.8 of Book XII – Information; effective March 1, 2024
The Central Bank of Uruguay modifies Article 1 of Book I to define the foreign exchange market participants and Article 155.8 of Book XII to mandate the reporting of over-the-counter foreign exchange operations. Authorized institutions must report OTC transactions concluded with other authorized institutions, as well as those with non-participants exceeding a threshold set in future instructions. These changes apply to entities such as banks, financial houses, and insurance companies involved in foreign exchange activities.
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