Regulatory Alerts2021-08-03 | CD-SIBOIF-1262-2-AGOS3-2021Norm Reforming Article 13 of the Standard on Deposit and Investment Limits
The Board of Directors of the Superintendence of Banks and Other Financial Institutions (SIBOIF) issued Resolution No. CD-SIBOIF-1262-2-AGOS3-2021 to amend Article 13 of the Standard on Deposit and Investment Limits. The reform updates regulations regarding the encumbrance of deposits and investments in foreign financial institutions, prohibiting such encumbrances except for specific financing and contingent operation scenarios. The new standard entered into force upon notification, subject to subsequent publication in the Official Gazette.
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