Regulatory Alerts1998-03-17 | Resolución 028/98Added · Updated
Resolution 028/98 Postponing the Effective Date of the Legal Reserve Regulation for Financial System Institutions
This resolution postpones the effective date of the Legal Reserve Regulation for Financial System Institutions to May 4, 1998, and modifies the implementation schedules in Article 7. It establishes specific reserve rates in cash and securities for banking and non-banking financial entities, with rates phasing in from May 1998 through February 1999. The Presidency and General Management are tasked with executing and ensuring compliance with these new timelines and rates.
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