Regulatory Alerts2003-06-23 | Resolución 069/2003Added · Updated
Resolution 069/2003 Approving the Regulation on Administration and Disposal of Assets under Supreme Decree 26688
The Board of Directors of the Central Bank of Bolivia approves the Regulation on Administration and Disposal of Assets, establishing procedures for managing and selling properties received as payment in kind from the liquidation of Banco del Progreso Nacional S.A.M. and the former Banco Potosí S.A. The regulation defines responsibilities for the Financial Entities Management, Legal Affairs Management, and Administration Management, mandates annual technical appraisals, and sets specific timelines for holding assets before mandatory provisions must be made. It outlines three disposal modalities: open bidding or public call, onerous transfer to public sector entities, and direct sale to third parties under specific risk or obsolescence conditions, while prohibiting certain public officials and their relatives from acquiring these assets.
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