Regulatory Alerts2018-06-04 | CD-SIBOIF-1058-2-JUN4-2018Added · Updated
Temporary Norm on the Suspension of Deadlines for the Processing and Resolution of Administrative Appeals
The Board of Directors of the Superintendence of Banks and Other Financial Institutions (SIBOIF) suspends the 30-business-day deadline for resolving administrative appeals against the Superintendent's resolutions until a legal quorum is reestablished. This measure addresses the lack of quorum caused by the resignation of two regular directors, which prevented the Board from hearing cases where the Superintendent is the respondent. The suspension applies to both new and pending appeals, requiring the Secretariat to notify relevant parties of the delay and subsequent resumption of the process.
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