Duties are stated in article 8° of Decree 2206 of 1998, which establishes that with the unique purpose of completing its objectives, the Fund will exercise the following duties:
When deemed indispensable, to serve as an instrument in the financial fortification of the registered entities by participating temporarily in the registered cooperative members’ assets with an amount the Fund considers adequate.
Administrate a deposit insurance system and other funds or reserves established according to the exercise of power as stated in numeral 1 of article 16 of Decree 2206 and determine its regime.
Organize the liability buyout system for registered cooperatives that are being liquidated.
In cases of seizing possessions, designate a liquidator, a special agent or temporary administrator of the respective entity, a comptroller and tax inspector, in order to implement supervision and follow-up on the activities of said entities. In such cases, the established proceedings for entities that are monitored by the Superintendence of Banking (known today as the Superintendence of Finance) or by the Superintendence of Solidarity Economy will be observed accordingly. Such proceedings will pose no restriction for the entity adopting the measure to select the agent tasked with exercising the seizing of possessions.
Develop support operations for registered entities, which will be able to, at any given moment, buy (or otherwise) assets that are easily achievable on the basis of technical appraisals to later carry out its sale, under the conditions established by the Board of Directors of the Fund.
Authorize preparation of partial inventories on behalf of cooperatives’ liquidators.
In cases of imminent threats of demerit, deterioration or loss of cooperative assets subject to liquidation, liquidators are authorized to divest in said assets immediately under market conditions and based on technical appraisals prepared for said process. When such divestments take place, they must comply with the norms on divestment processes for State shares in companies, as stated in article 60 of the Political Constitution and further regulations.
Produce the reports that the Superintendence of Banking (known today as the Superintendence of Finance) and the Superintendence of Solidarity Economy demand.
Enter into Agreements and Contracts mentioned in numerals 12, 13, and 14 of article 16 of Decree 2206 of 1998.
Other authorized duties and, in general, all acts and legal business needed to comply with the Fund’s purpose.
Peticiones, Quejas, Reclamos ››
Pagos en línea ››
Sistema de info. Gerencial ››
convocatorias vigentes ››
PBX (+57) (601) 432 4610
Línea de atención nacional 018000 413749
Línea anticorrupción PBX: 018000413749 - ext: 137