Regulatory Alerts2019-09-10 | CD-SIBOIF-1129-3-SEP10-2019Resolution Amending Articles 16, 18, 19, 22, 24, 25, 26, 27, 29, 31 and Annex 3 of the Regulation on Private Credit Bureaus
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-1129-3-SEP10-2019 to amend the Regulation on Private Credit Bureaus. The amendments align external audit requirements with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA), while strengthening independence, rotation, and reporting obligations. These changes mandate specific contractual conditions, audit execution standards, and significant event notifications to ensure the integrity and financial stability of private credit bureaus.
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