Regulatory Alerts2011-02-22 | CD-SIBOIF-658-1-DIC9-2010Added · Updated
Norm for the Disposition of Assets of Banks and Financial Companies in Liquidation
This regulation establishes the general guidelines for the valuation and sale of assets by liquidators of financial institutions undergoing forced liquidation due to voluntary early dissolution. It mandates specific valuation methods, excludes certain low-value or recently appraised items, and sets detailed procedures for public auctions and direct sales of real estate, movable property, and loan portfolios. The rule also imposes conflict-of-interest restrictions on liquidators and Superintendence officials and requires monthly reporting of all asset disposals to the Superintendent.
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