Supreme Decree No. 29519

Bolivia

(enacted in 2008)

Supreme Decree No. 29519 of 2008 regulates competition and consumer protection in Bolivia. It was not drafted with financial services and consumers in mind, and thus it is unclear if the government will regulate financial consumer protection using this decree. Specifically, the decree covers anti-competitive practices, unsafe products, and false advertising. It empowers two regulators, the Superintendency of Companies and the Bolivian Institute of Metrology, to enforce the decree’s provisions.