Regulatory Alerts2025-07-03
Added · Updated
Compilation of Payment System Rules, modification and incorporation – Book I
The Central Bank of Uruguay modifies Article 2.4 of Book I of the Compilation of Payment System Rules to define rapid accounts as current accounts used exclusively for the settlement of rapid payment clearing operations, granting the rapid payment clearing administrator exclusive authority to issue fund transfer and withdrawal instructions for these accounts. The Bank also adds a final paragraph to Article 2.5, authorizing the Payment System Management to establish justified restrictions on the administrator's powers or grant specific powers to the holding institutions. These changes aim to mitigate risks associated with unprogrammed credit or debit transactions and ensure the availability of sufficient funds for clearing operations.
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