Regulatory Alerts1997-09-02 | Resolución 146/97Added · Updated
Resolution 146/97 - Correspondency Regulation
The Board of Directors of the Central Bank of Bolivia approves the Correspondency Regulation, which establishes the rules and procedures for contracting financial entities to provide banking services on behalf of the Central Bank. The regulation defines eligible operations, mandates public bidding for service selection based on the lowest average cost, and sets minimum infrastructure and security requirements for participating banks. It specifies a minimum contract duration of three years, outlines reporting and audit obligations, and assigns execution responsibilities to the Presidency and General Management, with the regulation entering into force on October 1, 1997.
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