Legal Update: LAWS, DECREES, AGREEMENTS AND RESOLUTIONS PUBLISHED IN THE OFFICIAL GAZETTE APRIL 2023

May 24, 2023 | English Blog

 Posted by: Aura Torrez | Associate at Alvarado y Asociados.

                                             SUPERINTENDENCY OF BANKS AND OTHER FINANCIAL INSTITUTIONS

RESOLUTION No. CD-SIBOIF-1369-1-MAR28-2023 AMENDMENT STANDARD TO ARTICLE 15 OF THE STANDARD FOR CREDIT CARD OPERATIONS. Dated March 28, 2023. The purpose of this Standard is to modify the calculation of the minimum payment, said modification must be informed to the clients by the financial institutions, in accordance with the provisions of article 14 of the Standard for Credit Card Operations., to the extent that the percentages established in the modification are applied. Gazette No. 70, Page 2877, of 04/24/2023.

                                                                                         NATIONAL ASSEMBLY

LAW No. 1150 LAW OF AMENDMENT TO LAW No. 601, LAW OF PROMOTION OF COMPETITION. Dated April 19, 2023. This Reform Law has the objective of strengthening the management, control and organization of the highest authorities of PROCOMPETENCIA, which is the Board of Directors, so that it contributes to optimal management throughout its structure, in order to allow it to develop the object and functions established by Law No. 601, Law for the Promotion of Competition, its Reforms and its Regulations. Gazette No. 68, Page 2810, of 04/20/2023.