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UPDATED TEXT OF GENERAL LAW OF THE FINANCIAL AND INSURANCE SYSTEMS AND ORGANIC LAW OF THE SUPERINTENDENCY OF BANKING AND INSURANCE


LAW No 26702

Includes Modifications:

- Law No. 27008 issued on 05.12.1998
- Law No. 27102 issued on 06.05.1999
- Law No. 27287 issued on 19.06.2000
- Law No. 27299 issued on 07.07.2000
- Law No. 27331 issued on 28.07.2000
- Law No. 27584 issued on07.12.2001
- Law No. 27603 issued on 21.12.2001
- Law No. 27693 issued on 12.04.2002
- Law No. 27964 issued on 18.05.2003
- Law No. 28184 issued on 02.03.2004
- Law No. 28306 issued on 29.07.2004
- Law No. 28393 issued on 23.11.2004
- Law No. 28579 issued on 09.07.2005
- Law No. 28755 issued on 06.05.2006
- Law No. 28677 issued on 01-03-2006
- Law No. 28971 issued on 26.01.2007
- Decree N°1028 issued on 22.06.2008
- Decree N° 1052 issued on 27.06.2008
- Law N°29440 issued on 19.11.2009
- Law N°29489 issued on 23.12.2009
- Law N°29623 issued on 07.12.2010
Index


PRELIMINARY TITLE:
GENERAL PRINCIPLES AND DEFINITIONS

SECTION ONE:
COMMON PROVISIONS FOR THE FINANCIAL AND INSURANCE SYSTEM

TITLE I : Financial and Insurance System Companies Constitution
Chapter I :Incorporation Method and Minimum Capital
Chapter II : Organization Approval
Chapter III : Business License

TITLE II : Other Authorizations
Chapter I : Authorization for Opening, Transfering and Closing Branches and other offices
Chapter II : Authorization to Incorporate Subsidiaries
Chapter III : Authorization for the Constitution of Assets Trusts Credit Insurance
Chapter IV : Autorizationfor the Establishment of Companies of the Financial and Insurance Systems Overseas
Chapter V : Authorization of Representatives of Companies not Domicilied in the Country

TITLE III : Capital, Reserves and Dividends
Chapter I : Shareholders and Corporate Capital
Chapter II : Aplication of Profits
Chapter III : Reserves
Chapter IV : Dividends

TITLE IV : Government Structure
Chapter I :Shareholders General Meeting
Chapter II : Board of Directors
Chapter III : Management


TITLE V : Surveillance System
Single Chapter : Surveillance System

TITLE VI : Intervention
Single Chapter : Intervention

TITLE VII : Dissolution and Liquidation
Chapter I : General Provisions
Chapter II : Notice of Creditors Meeting

SECOND SECTION
FINANCIAL SYSTEM

TITLE I : GeneralProvisions
Chapter I : Declarative Principles
Chapter II : Bank Secrecy
Chapter III : Deposit Guarantee Fund
Chapter IV : Risk Bureau
Chapter V : Reserves
Chapter VI : Garanties



TITLE II : Restrictions and Prohibitions
Chapter I : Effective Capital Capital
Chapter II : Portfolio Consolidation and Operational Limits
Chapter III : Prohibitions
Chapter IV : Sanctions

TITLE III : Operationsand Services
Chapter I : Common Provision
Chapter II : Contracts and Instruments
Sub-Chapter I : General Provisions
Sub-Chapter II : Trust
Sub-Chapter III : Trust Comissions

TITLE IV : Companies of the Financial System
Chapter I : General Dispositions
Chapter II : Overseas Banking Branches
Chapter III : Investment Banking
Chapter IV : Real Estate Capitalization CompaniesTHIRD SECTION
INSURANCE SYSTEM

TITLE I : General Regulations
Single Chapter : General Rules

TITLE II : Insurance and Reinsurance Companies
Chapter I : Limits and Prohibitions
Sub-Chapter I : Capital and Instruments
Sub-Chapter II : Reserves
Sub-Chapter III : Investments
Chapter II : Operations
Sub-Chapter I : Operative Field
Sub-Chapter II : Policies

TITLE III : AssetsTrustsCredit Insurance
Single Chapter : Assets Trusts Credit Insurance

TITLE IV : Insurance Intermediates and Auxiliaries
Chapter I : General Dispositions
Chapter II : Insurance Intermediates
Sub-Chapter I : Insurance Brokers
Sub-Chapter II : Reinsurance Broker
Chapter III : Insurance Auxiliaries
Sub-Chapter I : Sinister Brokers
Sub-Chapter II : Insurance Experts

FOURTH SECTION
OF THE...