Regulatory Alerts2025-06-04 | CDMF-XIX-2-25Added · Updated
Norm on Authorization and Regulation of Non-Bank Providers of Fiduciary Services
The Monetary and Financial Board issued Resolution CDMF-XIX-2-25 to regulate non-bank fiduciary service providers in Nicaragua, establishing strict authorization, capital, and operational requirements. The rule mandates a minimum social capital of C$5,500,000, requires a C$9,150,000 insurance bond, and prohibits fiduciaries from assuming trust risks or engaging in self-dealing transactions. Existing fiduciaries must register within 90 days and submit an adaptation plan, while new entrants must obtain prior authorization from the Superintendent of Banks and Other Financial Institutions.
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