Regulatory Alerts2025-12-17 | NDMC-38Technical Standards for the Authorization of Constitution and Operation of Fixed Capital Investment Companies
The Central Bank of El Salvador's Standards Committee issued Technical Standards (CNBCR-10/2025) establishing the requirements and procedures for authorizing the constitution and operation of Fixed Capital Investment Companies (SICAF). The regulations mandate that applicants submit comprehensive documentation to the Financial System Superintendence, which must review and decide on applications within a thirty-day period. Furthermore, the standards impose strict obligations on SICAFs regarding internal controls, anti-money laundering compliance, accounting, and external auditing to ensure regulatory adherence.
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