Regulatory Alerts2024-05-16
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Compilation of Payment System Rules - Modification of Article 42.3 of Book III
The Central Bank of Uruguay amends Article 42.3 of the Compilation of Payment System Rules to authorize the Payment System Management Department to set a maximum cap on the additional monthly commission charged for rejected documents in the electronic document clearing system. This modification replaces the previous provision, which lacked a ceiling, with a rule allowing the department to establish and communicate this limit to financial institutions.
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