RegAlert1998-03-17 | Resolución 027/98Added · Updated
Resolution 027/98 Approving the Regulations for the Constitution and Activities of Second-Tier Financial Entities
The Board of Directors of the Central Bank of Bolivia approves the regulations governing the constitution and operations of Second-Tier Financial Entities (EFSP), effective May 4, 1998. These entities are prohibited from capturing public funds and may only conduct transactions with legally authorized private financial institutions. The regulations mandate a minimum paid-in capital equal to 80% of that required for banking entities, restrict credit granting to specific leverage limits relative to net equity, and prohibit retail banking services, foreign investments exceeding 20% of net equity, and investments in insurance or financial service capital.
BCB published 10 documents in the last 30 days — get each new one by email the day it lands.
BOARD RESOLUTION NO. 027/98
SUBJECT: ECONOMIC POLICY ADVISORY - APPROVES
REGULATIONS FOR THE CONSTITUTION AND ACTIVITIES OF SECOND-TIER FINANCIAL ENTITIES (SECOND-TIER FINANCIAL ENTITIES - EFSP).
HAVING SEEN:
The Banking and Financial Entities Law No. 1488 of April 14, 1993.
The Central Bank of Bolivia Law No. 1670 of October 31, 1995.
The Pension Law No. 1732 of November 29, 1996.
The Commercial Code No. 14379 of February 25, 1977.
The Report from the Legal Advisory Office ALEG No. 005/98 of January 6, 1998.
The Report from the Economic Policy Advisory APEC - ARNOR No. 034/98 of March 3, 1998.
Read the rest free, and get an email when BCB publishes again
Lineage: In force
Show all related documents (7)
- Issued under
- Resolution 116/97 - Minimum Legal Capital for Banks, Second-Tier Financial Entities, and Financial Service Companies1997Ley N.º 1670, de 31 de octubre de 1995 — Ley del Banco Central de Bolivia (Law of the Central Bank of Bolivia)1995Ley N° 1488 de Bancos y Entidades Financieras, de 14 de abril de 1993 (Texto Ordenado por Decreto Supremo N° 26581 de 3 de abril de 2002) (Law of Banks and Financial Entities)1993Law No. 14379 dated 1977-02-25not in RegAlertLaw No. 1732 dated 1996-11-29not in RegAlert
- Refers to
- Resolution 180/97 - Legal Reserve Regulation for Financial System Institutions1997Resolution 169/971997
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BCB
BCB published 10 documents in the last 30 days. We email you each new one the day it's published.