Comment on page

Section 45

Within the framework of the general policies fixed by the Board of the Reserve, and informing it of any decisions adopted, the Superintendent shall be responsible for –
a) rating financial institutions for the purposes of the Law on Financial Institutions;
b) revoking any authorization granted for carrying out foreign exchange transactions;
c) approving regularization and/or recovery plans of financial institutions;
d) implementing and applying the regulations of the Law on Financial Institutions, adopted by the Board of the Reserve;
e) establishing the requirements that must be met by the auditors of financial and foreign exchange institutions.