Regulatory Alerts2015-05-20 | SGDB N° 021/2015Added · Updated
SGDB No. 021/2015: Deadline for Incorporation into the Integrated Payment Settlement System (LIP)
The Central Bank of Bolivia mandates that participating Stock Brokers must complete specific technical and contractual integration steps by July 10, 2015, to join the Integrated Payment Settlement System (LIP). Effective August 1, 2015, these entities are required to use the LIP for processing all operations, with non-compliance subject to regulatory sanctions. The schedule requires the submission of legal documents by June 12, contract signing by June 19, digital certificate exchange by June 26, network segment enablement forms by July 3, and operational authorization notes by July 10.
B.C.B. / DGD-VUC
2015 MAY 22 PM 2:09
CORRESPONDENCE EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA SENT
La Paz, May 20, 2015 SGDB No. 021/2015
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: PARTICIPATING STOCK BROKER AGENCIES OF THE SECURITIES DEPOSITORY ENTITY (EDV) SUBJECT: DEADLINE FOR INCORPORATION INTO THE INTEGRATED PAYMENT SETTLEMENT SYSTEM (LIP)
Ladies and Gentlemen:
In compliance with Article 14 of the Regulations of the Integrated Payment Settlement System (LIP) approved by Supreme Decree No. 061/2014 of June 10, 2014, and once the verification tasks for compliance with technical requirements have been concluded, we communicate that the Central Bank of Bolivia (BCB) has defined the following schedule for Stock Broker Agencies to incorporate as participants in the LIP:
| Activity | Deadline |
|---|---|
| Submission of Legal Documents | 12.06.2015 |
| Signing of settlement opening contract | 19.06.2015 |
| Presentation or exchange of digital certificates | 26.06.2015 |
| Submission of forms for enabling network segment and security user | 03.07.2015 |
| Submission of note for enabling operations on digital certificates | 10.07.2015 |
In this regard, we communicate that starting from August 1, 2015, they must mandatorily use the LIP for the processing of their operations and that non-compliance with these provisions will be sanctioned in accordance with regulations.
The activities must be coordinated with the LIP Help Desk at Phones 2407262, 2147077, 2661623, 2661645 and/or email ayudalip@bcb.gob.bo.
Sincerely,
[Signature] M. SAEL MIRANDA VARGAS MANAGER OF FINANCIAL ENTITIES CENTRAL BANK OF BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
CCL/MMV/RPR/APM/QAU
Ayacucho y Mercado • Tel:(591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia