Regulatory Alerts2008-09-03 | CD-SIBOIF-550-2-SEP3-2008Added · Updated
Norm for Establishing Criteria for Qualifying Financial Institutions as Non-Bank Financial Institutions
This regulation establishes the criteria for the Superintendent to qualify entities as non-bank financial institutions, allowing banks to invest in their capital instruments under Articles 57 and 142 of the General Banking Law. Qualification requires the entity to be a legal person exclusively administering homogeneous loan pools that generate continuous liquidity and can issue securities backed by those assets. Additionally, the entity must be subject to prior authorization for constitution, prudential regulation, and Superintendent oversight for closure or liquidation.
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