Norm Reforming Article 76 of the Operational and Financial Norm for General Warehouses

Resolution No. CD-SIBOIF-1048-1-MAR20-2018
Dated March 20, 2018

NORM REFORMING ARTICLE 76 OF THE OPERATIONAL AND FINANCIAL NORM FOR GENERAL WAREHOUSES

The Board of Directors of the Superintendence of Banks and Other Financial Institutions,

CONSIDERING

I

That on July 4, 2014, the Operational and Financial Norm for General Warehouses was approved, contained in Resolution No. CD-SIBOIF-841-1-JUL4-2014, published in La Gaceta, Official Gazette No. 143, on July 31, 2014.

II

That it is necessary to reform Article 76 of the aforementioned norm, in order to empower the Superintendent to request the necessary information for the extra-situ monitoring and supervision of general warehouses, in the manner and timeframes determined by him.

III

That based on the powers conferred by Articles 2 and 139 of Law 734, General Warehouse Law; and Article 2, fourth paragraph, Article 3, numeral 13), and Article 10, numerals 1) and 2) of Law 316, Law of the Superintendence of Banks and Other Financial Institutions, and its amendments.

In exercise of its powers,

HAS ISSUED

The following:

CD-SIBOIF-1048-1-MAR20-2018

NORM REFORMING ARTICLE 76 OF THE OPERATIONAL AND FINANCIAL NORM FOR GENERAL WAREHOUSES

FIRST: Article 76 of the Operational and Financial Norm for General Warehouses, contained in Resolution No. CD-SIBOIF-841-1-JUL4-2014, published in La Gaceta, Official Gazette No. 143, on July 31, 2014, is hereby amended, to read as follows:

“Article 76. Submission of periodic information.- Warehouses shall be obligated to periodically submit to the Superintendence the financial, legal, operational, and related information required for their supervision and oversight. The Superintendent, through a general circular, shall establish the information to be submitted, the format, and the deadlines; without prejudice to his power to request any particular information in a timely manner.”

SECOND: This norm shall enter into force upon its notification, without prejudice to its subsequent publication in La Gaceta, Official Gazette. (signed) S. Rosales C. (signed) M. Díaz O. (signed) Gabriel Pasos Lacayo (signed) Fausto Reyes B. (signed) illegible (Silvio Moisés Casco Marenco) (signed) illegible (Freddy José Blandón Argeñal) (signed) illegible (Edelberto Zelaya Castillo) Ad Hoc Secretary.

URIEL CERNA BARQUERO
Secretary of the SIBOIF Board of Directors