Regulatory Alerts2024-09-23 | NRP-82Technical Standards to Authorize Financial Entities to Make Equity Investments in Salvadoran Companies
The Central Reserve Bank of El Salvador issued Technical Standards NRP-82 to regulate the authorization process for banks, investment banks, cooperatives, and related entities to make equity investments in Salvadoran companies. The document establishes specific eligibility criteria, detailed information requirements for applications, and strict procedural timelines for the Financial System Superintendence to review and approve or deny such investments. It also defines the scope of supervision, reporting obligations for post-investment modifications, and the sanctions applicable to non-compliance, while repealing previous regulations from 2000.
Share