Regulatory Alerts2022-06-14 | CD-SIBOIF-1317-1-JUN14-2022Norm on Pre-printed or Electronically Printed Signatures in Documents Containing Financial Operations or Services
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution CD-SIBOIF-1317-1-JUN14-2022 to authorize banks, financial societies, credit card issuers, and insurance companies to use pre-printed or electronically printed signatures on specific financial documents. This regulation aims to streamline customer service and mass-market product commercialization by permitting such signatures for items like personal credit contracts, bank accounts, and insurance policies, provided strict internal controls and board approvals are implemented. The norm supersedes previous resolutions regarding pre-printed signatures and establishes the legal framework for these simplified execution methods in Nicaraguan financial operations.