Regulatory Alerts2014-08-26 | SGDB N° 035/2014Added · Updated
SGDB No. 035/2014: Validity and Replacement of Payment Instruments for Financial Intermediation Entities in Transformation or Transformed
The Central Bank of Bolivia establishes replacement deadlines for payment instruments issued prior to transformation: checks must be replaced within nine months and credit, debit, or prepaid cards within two years, calculated from the effective date of the new entity denomination. During this period, transactions using these instruments remain compensable through clearing chambers and card administrators using the entities' new assigned codes. The Financial System Supervisory Authority (ASFI) is responsible for supervising this replacement process, and entities must report adopted measures to ASFI with a copy to the Central Bank.
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