Regulatory Alerts2022-05-16 | Resolución SBS 1624-2022Added · Updated
SBS Resolution No. 1624-2022: Amending the Regulations on Special Regimes and Liquidation of Financial System and Insurance System Companies
This resolution amends the Regulations on Special Regimes and Liquidation to extend their application to financial system companies authorized to accept public deposits, companies under Article 7 of the General Law, and insurance system companies. It updates definitions of 'Companies' and 'Liquidator' to reflect this broader scope and modifies creditor notification requirements to allow electronic or broadcast publication instead of mandatory physical posting. Additionally, it introduces a final provision establishing that financial companies not authorized to accept public deposits remain subject to revocation causes and voluntary dissolution and liquidation regimes.
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