Regulatory Alerts2010-08-31 | Resolución 100/2010Added · Updated
Resolution 100/2010
The Board of Directors of the Central Bank of Bolivia amends the 2010 Fine Table by removing two specific treasury fines of 500 Bolivianos each, which previously penalized packages of classified monetary material containing more than five unfit or fit banknotes. These exclusions align with prior regulatory changes that removed sanctions for inadequately classified packages from the monetary material administration regulations. The modification takes effect immediately, and the Presidency and General Management are tasked with its execution.
BOARD RESOLUTION NO. 100/2010 SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT – MODIFICATION OF THE BCB FINE TABLE.
SEEN: The Law 1670 of October 31, 1995 of the Central Bank of Bolivia. The Statute of the Central Bank of Bolivia approved by Board Resolution No. 128/2005 of October 21, 2005 and its subsequent modifications. Board Resolution No. 142/2009 of December 8, 2009, which approves the Commission Table for Services and the Fine Table of the Central Bank of Bolivia for the 2010 management period. Board Resolution No. 095/2010 of August 17, 2010. Internal Communication BCB-GOM-STES-CI-2010-381 of August 23, 2010. The Report of the Legal Affairs Management BCB-GAL-INF-2010-266 of August 26, 2010.
CONSIDERING: That the BCB Fine Table for the 2010 management period approved with B.D. 142/2009 includes in the Treasury section two fines of Bs 500.- each for the concepts of “Package of monetary material classified as fit containing more than 5 unfit banknotes” and “Package of monetary material classified as unfit containing more than 5 unfit banknotes.” That with B.D. 095/2010, the Regulation for the Administration of monetary material was modified, excluding from its articles 14 and 17 the sanctions established in the Fine Table for inadequately classified packages. That through Internal Communication BCB-GOM-STES-CI-2010-381 of August 23, 2010, the Monetary Operations Management requests that the Fine Table be modified. That the Report of the Legal Affairs Management BCB-GAL-SANO-INF-2010-266 concludes that the request of the Monetary Operations Management is legally appropriate, as it does not contravene the current legal framework, and it is the competence of the BCB Board to consider and approve the modification of the BCB Fine Table.
THEREFORE, THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA, RESOLVES:
//2. B.D. No. 100/2010 Article 1.- Modify the Fine Table of the Central Bank of Bolivia for the 2010 management period approved by Board Resolution No. 142/2009 of December 8, 2009, excluding the following items:
BCB FINE TABLE 2010 MANAGEMENT Bs. USD. (%) RESPONSIBLE MANAGEMENT DESCRIPTION
Treasury Package of monetary material classified as fit containing more than 5 unfit banknotes 500 Monetary Operations Package of monetary material classified as unfit containing more than 5 fit banknotes 500
Article 2.- The modification established in Article 1 of this Resolution enters into force on the date of this document. Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.
La Paz, August 31, 2010
Gabriel Loza Tellería
Hugo Dorado Araníbar Rolando Marín Ibáñez
Ernesto Yáñez Aguilar Rafael Boyán Téllez
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