Regulatory Alerts2024-01-31 | NDMC-34Technical Standards for the Submission and Disclosure of Information by Originator Companies and Bondholders' Representatives
The Central Reserve Bank of El Salvador issued Technical Standards NBCR-01/2024 to regulate the submission and disclosure of essential information and relevant events by originator companies and bondholders' representatives. The regulations mandate timely reporting to the Financial System Superintendence and require the establishment of internal policies, designated delegates, and specific content for public disclosures. These measures aim to ensure transparency and protect the interests of bondholders by standardizing how material facts affecting the financial status of securitization funds are communicated.
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