Regulatory Alerts2009-04-01 | CD-SIBOIF-579-2-ABR1-2009Added · Updated
Norm on Risk Rating Agencies
This regulation establishes minimum requirements for Risk Rating Agencies to operate in Nicaragua, including a minimum social capital of C$1,200,000 and a mandatory Rating Committee of at least three members. It mandates the rating of all registered debt securities, except those issued by the State or the Central Bank, and enforces strict independence, confidentiality, and conflict-of-interest rules for agency personnel. The document outlines authorization procedures, operational methodologies, and semi-annual rating updates, while defining specific infractions and sanctions for non-compliance.
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