Regulatory Alerts2007-02-26 | CD-SIBOIF-461-1-ENE16-2007Added · Updated
Norm on Updating Shareholder Information of Financial Institutions
Resolution No. CD-SIBOIF-461-1-ENE16-2007 establishes the requirements for financial institutions to update information on shareholders holding 5% or more of capital, including specific documentation for solvency and integrity verification. It mandates a calculation methodology for determining ownership percentages through corporate structures and requires boards to report significant negative changes in reputation or patrimony within defined thresholds. The regulation supersedes previous norms and sets a three-month deadline for initial data collection upon publication.
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