III. Members

Article 5.- The Association will have Associate Members and Collaborator Members.
Associate Members will be:

Approved on IX Annual Assembly Meeting 1 of 9ASSOCIATION OF SUPERVISORS OF BANKS OF THE AMERICAS A.C. BY-LAWS

a) The institutions in charge of the surveillance and supervision of banking institutions in the Americas. These institutions must formally join the Association in writing, with the approval of the Assembly; and,

b) The institutions with significant regional responsibilities for bank supervision as a home country supervisor of internationally active banks with operations in the region. These institutions must explicitly request to become Non-Regional Associate Members in writing with the approval of the Assembly after five years of being Collaborator Members with an active participation in the Association’s activities.

c) Collaborator Members will be those institutions that offer its assistance to the Association. Collaborator Members shall have the rights of Associate Members except voting rights and eligibility to become Chairman, Vice-Chairman or Director of the Association.

Each Associate and Collaborator Member will be represented by its highest-ranking executive with responsibility for the supervision and surveillance of banking institutions in its country or whomever the latter would designate before the Association

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