MODIFICATIONS OF THE REGULATION OF THE FUNCTIONING OF THE CREDIT SECTIONS OF THE COOPERATIVES IN CATALONIA

Abstract

Decree 49/2014 of 8 April, amending Decree 280/2003, of 4 November, regulating the operation of sections Catalan credit cooperatives, with three clear objectives: a) To improve the functionality of the sections credit they do not constitute the
core business of the cooperative, you differentiating more clearly the operation of the banks; b) establish stricter limits regarding the solvency and transparency of such entities; and consequently, c) building confidence by partners in the financial
performance of credit sections of cooperatives.