Regulatory Alerts2000-11-09
Added
Resolution No. 809-2000: Clarifying the Interpretation of the Term "Minutes" in the Twenty-Fourth Final and Complementary Provision of the General Law of the Financial and Insurance Systems
The Superintendent of Banking and Insurance interprets the term "actas" (minutes) in the Twenty-Fourth Final and Complementary Provision of Law No. 26702 as "actos" (acts). This correction aligns the provision with the General Law's requirement that individuals responsible for sanctioned acts are barred from serving as directors or officials of financial cooperatives. The interpretation applies to the impediments for assuming such positions within the financial and insurance systems.
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