Regulatory Alerts2023-03-17
Added · Updated
Compilation of Rules for the Control of Pension Funds – Resolutions of the Board of Directors of the Central Bank of Uruguay or of the Superintendence of Financial Services arising from supervision or audit acts
The Superintendence of Financial Services incorporates Chapter VII into Book VI of the Compilation of Rules for the Control of Pension Funds, establishing Article 160.9.2. This article requires pension fund administrators to transcribe resolutions issued by the Central Bank of Uruguay or the Superintendence regarding specific institutions into their Board of Directors minutes within ninety days of notification or as specified in the resolution. Administrators must also record any fines settled by the institution in the same book within ninety days of settlement.
1 Montevideo, March 17, 2023 Ref: COMPILATION OF RULES FOR THE CONTROL OF PENSION FUNDS – Resolutions of the Board of Directors of the Central Bank of Uruguay or of the Superintendence of Financial Services arising from supervision or audit acts. The market is informed that the Superintendence of Financial Services adopted, on March 13, 2023, the following resolution:
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INCORPORATE into TITLE II – INFORMATION REGIME, of PART I – PENSION SAVINGS FUNDS ADMINISTRATORS, of BOOK VI – INFORMATION AND DOCUMENTATION, of the Compilation of Rules for the Control of Pension Funds, CHAPTER VII – CERTIFICATE OF SUPERVISION OR AUDIT ACTS.
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INCORPORATE into CHAPTER VII – CERTIFICATE OF SUPERVISION OR AUDIT ACTS, of TITLE II – INFORMATION REGIME, of PART I – PENSION SAVINGS FUNDS ADMINISTRATORS, of BOOK VI – INFORMATION AND DOCUMENTATION, of the Compilation of Rules for the Control of Pension Funds, the following article:
ARTICLE 160.9.2 (RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF URUGUAY OR OF THE SUPERINTENDENCE OF FINANCIAL SERVICES ARISING FROM SUPERVISION OR AUDIT ACTS).
Pension savings fund administrators shall transcribe into the Board of Directors minutes book, within ninety days following notification or within the period indicated in the resolution itself, the resolutions adopted by the Board of Directors of the Central Bank of Uruguay or the Superintendence of Financial Services, referring to each institution in particular, arising from supervision or audit acts of compliance with legal and regulatory norms and specific instructions. Likewise, they shall record in the aforementioned book the fines settled by the institution itself within ninety days following their settlement.
Juan Pedro Cantera Superintendent of Financial Services 2023-50-1-00190 Diagonal Fabini 777 - C.P. 11100 - Tel.: (598 2) 1967 - Montevideo, Uruguay - www.bcu.gub.uy CIRCULAR NO. 2428
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