Regulatory Alerts2002-11-05 | Resolución 129/2002Added · Updated
Resolution 129/2002
The Board of Directors of the Central Bank of Bolivia approves a modified Regulation for Repo Operations, effective November 15, 2002, which allows for the use of dematerialized securities and requires settlement through current and reserve accounts held at the Central Bank. This resolution repeals Resolution 128/2000 and maintains the validity of existing Single Contracts for Repo Operations until their expiration or replacement. Financial entities authorized by the Banking and Financial Entities Superintendence or the Pensions, Securities and Insurance Superintendence must adhere to new participation requirements, including specific contracts and authorized signatures, while the Open Market Operations Committee retains authority to define operational parameters and sanctions for non-compliance.
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