Regulatory Alerts2025-03-12 | CDMF-VIII-5-25Norm on the Update of Social Capital of Administrating Societies of Titularization Funds
The Monetary and Financial Board issued Resolution CDMF-VIII-5-25 to update the minimum social capital required for titularization fund administrator societies to C$3,262,000.00. This adjustment is mandated by Article 120 of the Capital Markets Law, which requires biennial updates based on official exchange rate variations. The resolution simultaneously repeals the previous update norm from March 2023 and establishes that new entities must meet this capital requirement upon constitution.
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