Derogation of the Standard on Requirements for Directors, General Managers, Chief Executives, and Internal Auditors of Financial Institutions

Page 1 of 2 CERTIFICATION OF RESOLUTION RUTH ELIZABETH ROJAS MERCADO, Secretary of the Monetary and Financial Board, CERTIFIES: that in Ordinary Session number thirteen of the Monetary and Financial Board, held on April 8, two thousand twenty-six, Resolution No. CDMF-XIII-1-26 was approved unanimously, which literally states: Monetary and Financial Board Ordinary Session No. 13 Wednesday, April 08, 2026 RESOLUTION CDMF-XIII-1-26 THE MONETARY AND FINANCIAL BOARD CONSIDERING I That on September 23, 2009, the "Standard on Requirements for being a Director, General Manager and/or Chief Executive and Internal Auditor of Financial Institutions" was approved, contained in Resolution No. CD-SIBOIF-597-3-SEP23-2009, published in La Gaceta, Official Gazette No. 210 and 214, on November 5 and 11, 2009, respectively, with the objective of "...establishing the general criteria and information requirements that allow assessing the honorability and competence of the officials required by law to exercise the position; as well as the deadlines for the presentation of said information. The foregoing in order that the Superintendent may invalidate any election or appointment that does not meet the aforementioned requirements, in accordance with the powers conferred by law." II That by virtue of the approval of Law No. 1237, "Law of Reforms and Additions to Law No. 561, General Law of Banks, Non-Bank Financial Institutions and Financial Groups", published in La Gaceta, Official Gazette No. 37, on February 25, 2025 (hereinafter Law No. 1237), it corresponds to the Superintendence of Banks to issue the provisions that regulate the requirements for being a Director, General Manager and/or Chief Executive and Internal Auditor of Financial Institutions, therefore it is necessary to proceed with the derogation of the "Standard on Requirements for being a Director, General Manager and/or Chief Executive and Internal Auditor of Financial Institutions", so that, in accordance with the powers granted by Law to the Superintendence, it proceeds to issue the provisions that result necessary to regulate the aspects contained in Law No. 1237, regarding requirements for the election or appointment of officials of supervised financial institutions. In exercise of its powers,

Page 2 of 2 RESOLVES FIRST: The Standard on Requirements for being a Director, General Manager and/or Chief Executive and Internal Auditor of Financial Institutions, contained in Resolution No. CD-SIBOIF-597-3-SEP23-2009, dated September 23, 2009, published in La Gaceta, Official Gazette No. 210 and 214, on November 5 and 11, 2009, respectively, is hereby repealed. SECOND: This Standard shall enter into force upon notification by the Superintendence of Banks and Other Financial Institutions. Publish in the media determined by the Superintendence of Banks. (f) legible, Ovidio Reyes R. President of the Board; (f) Illegible, Luis Ángel Montenegro Espinoza, Vice President of the Board; (f) Illegible, Nicolás Espinoza Rivera, Vice Minister of Finance, Alternate Member; (f) Illegible, Roberto Rivas, Executive Member; (f) Illegible, Hugo Ortega, Executive Member. (End of the Resolution text). It conforms to its original which was duly compared, and based on the powers conferred in article 40 of the Internal Regulations of the Monetary and Financial Board, issues this Certification with reason for signature, seal, and stamp, in the city of Managua on April 15, two thousand twenty-six. Ruth Elizabeth Rojas Mercado Secretary of the Board