Regulatory Alerts1997-04-29 | Resolución 105/97Added · Updated
Resolution 105/97 Approving the Repo Operations Regulation
The Board of Directors of the Central Bank of Bolivia approves the Repo Operations Regulation, defining repo transactions as the sale of securities with a commitment to repurchase them at a predetermined price and date. The regulation establishes that the Central Bank may act as either the seller (passive) or buyer (active) in these operations, which are restricted to securities issued by the General Treasury of the Nation or the Central Bank itself. It assigns policy, execution, evaluation, and control functions to the Open Market Operations Committee (COMA), the Currency and Credit Management, the Economic Policy Advisory, and the Internal Audit Unit, respectively. Financial entities and public institutions must meet specific documentation and authorization requirements to participate, and non-compliance with repurchase obligations results in suspension from open market operations for 45, 90, or indefinite periods depending on the severity and frequency of the breach.
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