Regulatory Alerts2024-09-23 | NDMC-36Technical Standards for the Valuation of Assets Susceptible to Securitization and Assets Integrating a Securitization Fund
The Central Bank of El Salvador's Standards Committee issued Technical Standards NBCR-09/2024 to establish mandatory valuation guidelines for assets forming securitization funds. The regulations require securitization companies to ensure assets are valued by qualified experts using principles aligned with IFRS and IVS, with specific protocols for real estate and financial assets. Furthermore, the document mandates monthly reporting of fair values, internal control policies, and defines procedures for handling extraordinary asset substitutions and liquidations.
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