RegAlert2018-02-06 | 006 2018 SGDB EXTAdded · Updated
SGDB No. 006/2018: Procedure for No Objection to New Electronic Payment Services or Instruments
The Central Bank of Bolivia establishes the mandatory procedure for financial entities to obtain a no-objection response before incorporating new electronic payment services or instruments into their operations. Entities must submit a detailed note to the General Management describing the service, including functional descriptions, security features, operational processes, contingency plans, and training strategies. Upon review, the Central Bank issues a written no-objection or objection with technical justification, which the entity must then attach to its authorization request submitted to the Financial System Supervision Authority (ASFI).
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BCB-DGO.VUC
BANCO CENTRAL DE BOLIVIA
ESTADO PLURINACIONAL DE BOLIVIA
EXTERNAL CIRCULAR
La Paz, February 05, 2018
SGDB No. 006/2018
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
PARTICIPANTS IN THE INTEGRATED PAYMENT SETTLEMENT SYSTEM
SUBJECT: PROCEDURE FOR NO OBJECTION TO NEW ELECTRONIC PAYMENT SERVICES OR INSTRUMENTS
TO:
Dear Sirs and Madams:
Within the framework of Article 11 (Other payment operations) of the Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement, approved by BCB Board Resolution No. 134/2015 of July 28, 2015, and its modifications, the BCB must issue a no-objection in cases where entities covered by this regulation require the incorporation of any service or Electronic Payment Instrument (EPI) into their operations.
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Lineage: Superseded
Timeline
Amended 1 time · last 2020-05-28
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works