Regulatory Alerts2023-09-26 | NDMC-27Technical Standards on Minimum Requirements for Asset Administration Contracts of Securitization Funds
The Central Reserve Bank of El Salvador issues these Technical Standards to establish the minimum content and review procedures for Asset Administration Contracts in securitization transactions. The regulations mandate that securitization companies submit contract models to the Financial System Superintendence for approval, ensuring compliance with legal frameworks and investor protection. Key provisions define the mandatory information, powers, and obligations of administrators, while setting a strict fifteen-day review timeline for regulatory oversight.
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