Regulatory Alerts2015-06-23 | SGDB N° 035/2015Added · Updated
SGDB No. 035/2015: Requirements for Incorporation of Stock Broker Agencies into the Integrated Payment Settlement System (LIP)
The Central Bank of Bolivia mandates that all stock broker agencies participating in the Securities Depository Entity must incorporate into the Integrated Payment Settlement System (LIP) by completing specific administrative and technical steps within a defined schedule from June 29 to August 7, 2015. Participants must submit a subscription request and legal documentation, including legalized copies of their constitution deed, operating license, and statutes, to the General Manager. The power of attorney for legal representation must explicitly authorize the signatory to generate digital signatures for electronic documents and to authorize fund transfers and debits required by the LIP regulations. This circular supersedes External Circular SGDB No. 030/2015.