Regulatory Alerts2015-06-12 | SGDB N° 030/2015Added · Updated
SGDB No. 030/2015: Requirements for Stockbroker Agencies to Join the Integrated Payment Settlement System (LIP)
The Central Bank of Bolivia mandates that all stockbroker agencies participating in the Securities Depository Entity (EDV) must join the Integrated Payment Settlement System (LIP) and sign the corresponding account opening and financial services contract. These entities must submit specific legal documentation, including certified copies of their constitution, operating license, bylaws, and powers of attorney, while granting the Central Bank specific debit and transfer authorizations. The compliance schedule requires document submission and contract signing between June 15 and 30, digital certificate exchange between July 1 and 7, and operational activation between July 8 and 10.
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