Regulatory Alerts2025-10-31 | 980505Instruction for the Approval of Deposit Rules for Investment Banks
The Central Reserve Bank of El Salvador issued this instruction to establish the procedures and requirements for investment banks to obtain approval for their deposit rules regarding funds from Sophisticated Investors. The document defines Sophisticated Investors, outlines the specific documentation and minimum content requirements for deposit products, and sets strict timelines for the analysis, observation, and final approval process by the Board of Directors. It also details the conditions for approval, denial, or invalidation of requests, ensuring compliance with financial stability and administrative legal standards.
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