Regulatory Alerts2023-12-14 | NDMC-31Technical Standards for the Management of Resources of a Securitization Fund by the Representative of Security Holders Prior to Full Integration
The Technical Standards Committee of the Central Reserve Bank of El Salvador issued these norms to regulate how the Representative of Security Holders must manage funds received prior to the full integration of a securitization fund. The regulations mandate that resources be invested exclusively in low-risk, liquid fixed-income securities or bank deposits, with strict prohibitions against investing in related-party entities or lending fund assets. These standards replace the previous 2008 regulation and became effective on January 2, 2024.
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