Regulatory Alerts2007-09-05 | CD-SIBOIF-498-1-SEP5-2007Added · Updated
Norm on Administration Companies and Securitization Funds
Resolution No. CD-SIBOIF-498-1-SEP5-2007 establishes the requirements for the constitution, operation, and prudential standards of Administration Companies of Securitization Funds in Nicaragua. It mandates a minimum social capital of C$1,600,000.00, defines specific thresholds for Institutional and Sophisticated Investors, and outlines disqualifying impediments for board members, including debt moratoriums and criminal convictions. The regulation sets strict timelines for Superintendence authorization (120 days), operational commencement (180 days), and management substitution procedures.
More like this from SIBOIF
We email you every new SIBOIF publication the day it's published.
Share