What is Bolivian Financial Supervisory System (ASFI)? Bolivian Financial Supervisory System (ASFI) Review, Features

The Bolivian Financial Superintendency System (ASFI) is an indefinite public law institution with legal personality, own assets and autonomy in administrative, financial, legal and technical management, with jurisdiction, competences and a State-wide structure, under the supervision of the Ministry of Economy and Public Finance and subject to social control.

About the Bolivian Financial Supervisory System (ASFI)

The purpose of ASFI is to regulate, control and supervise financial services within the framework of the State's Political Constitution, Law No. 393 on Financial Services and the Supreme Regulatory Decree, as well as the activities of the securities market, intermediaries and their auxiliary entities. Financial activities and the provision of financial services can only be carried out by entities authorized by ASFI, according to the types of entities defined in Law No. 393.

Features of the Bolivian Financial Supervisory System (ASFI)

1. Financial consumer protection

• Rights of Customers and Financial Users
• Maximum credit attention time
• Financial concerns
• Complaints and Inquiries

2. Financial intermediaries

• Financial intermediary entities with operating licenses
• Entity being adapted
• Statistical Bulletin

3. Value

• Entities registered with the RMV
• prospect
• Related facts
• Internal regulations of investment funds

4. Supplementary financial services

• Regulated Supplementary Financial Services Firm
• In the process of being brought under regulation
• Financial Statements
• Network Mode