Regulatory Alerts2022-05-31 | Resolución SBS 1767-2022Added · Updated
Resolution SBS No. 1767-2022: Operational Procedure for the Extraordinary and Voluntary Withdrawal of Funds in the Private Pension System, Established by Law No. 31478
The resolution establishes the operational procedure for the extraordinary and voluntary withdrawal of up to four (4) Tax Units (UIT) from individual capitalization accounts (CIC) for affiliates of the Private Pension System, as authorized by Law No. 31478. It mandates that requests be submitted within ninety (90) calendar days of the resolution's effective date, with funds disbursed in three installments of up to one UIT each, spaced thirty days apart. The document also modifies operational codes and accounting manuals to accommodate these withdrawals and specifies rules for judicial retention, foreign affiliates, and multi-affiliation scenarios.
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