Regulatory Alerts2023-09-26 | NDMC-26Technical Standards for the Authorization of Incorporation, Commencement of Operations, and Registration of Securitization Companies
The Central Reserve Bank of El Salvador issued Technical Standards to regulate the authorization process for the incorporation, commencement of operations, and registration of Securitization Companies. These norms operationalize Article 5 of the Securitization of Assets Law by defining the specific requirements and information that applicants must submit to the Superintendency of the Financial System. The document further clarifies the regulatory competence of the Superintendency under the Financial System Supervision and Regulation Law to oversee these entities and their operational lifecycle.
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