Regulatory Alerts2019-06-18 | CD-SIBOIF-1117-1-JUN18-2019Norm on Reform to Article 2 of the Norm on Purchases and Sales of Credit Assets
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-1117-1-JUN18-2019 to reform Article 2 of the Norm on Purchases and Sales of Credit Assets. The amendment clarifies that the regulation governs the purchase and sale of credit assets by banks, financial societies, and insurance companies, while explicitly excluding asset disposal acts related to credit operations with the Central Bank of Nicaragua. This resolution entered into force upon notification, pending its subsequent publication in the Official Gazette.
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