Regulatory Alerts2015-03-25 | SGDB N° 009/2015Added · Updated
SGDB N° 009/2015: Deadline for Incorporation into the Integrated Payment Settlement System (LIP)
The Central Bank of Bolivia establishes a mandatory schedule for authorized savings and credit cooperatives to join the Integrated Payment Settlement System (LIP) by June 1, 2015. The document specifies strict deadlines for submitting legal documents, signing reserve account agreements, exchanging digital certificates, and enabling network segments and security users. Financial intermediation entities are required to use the LIP for processing payment orders, with non-compliance subject to sanctions under applicable regulations.
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