Regulatory Alerts1999-03-02 | Resolución 010/99Added · Updated
Resolution 010/99 Approving the Regulation on Operations with Securities Issued by the General Treasury of the Nation for Fiscal Policy Purposes
The Board of Directors of the Central Bank of Bolivia approves the Regulation on Operations with Securities Issued by the General Treasury of the Nation for Fiscal Policy Purposes, establishing the administrative framework for the issuance, auction, allocation, and redemption of these securities. The regulation creates the Treasury Securities Administration Council (CATT), composed of representatives from the Central Bank and the Ministry of Finance, to define policy and operational conditions. It mandates that authorized financial entities participate in public auctions, subject to specific fund provisioning requirements and a maximum demand limit of US$1,000,000 for foreign currency titles and Bs.1,000,000 for national currency titles. The regulation also imposes a 2% fine on the nominal value for adjudicataires failing to provide sufficient funds by the sale date and repeals Resolution of the Board of Directors No. 150/93.
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