Regulatory Alerts2026-04-08 | CDMF-XIII-1-26Derogation of the Standard on Requirements for Directors, General Managers, Chief Executives, and Internal Auditors of Financial Institutions
The Monetary and Financial Board issued Resolution CDMF-XIII-1-26 on April 8, 2026, to formally repeal the 2009 Standard governing the eligibility requirements for key financial institution officials. This derogation is necessitated by the enactment of Law No. 1237 in February 2025, which mandates the Superintendence of Banks to establish new regulatory provisions for the selection and appointment of these roles. The resolution explicitly nullifies the previous standard to allow for the issuance of updated regulations aligned with the new legal framework.
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