Regulatory Alerts2017-08-18 | Resolución SBS 3274-2017Added
Resolution SBS No. 3274-2017: Approves the Market Conduct Management Regulation for the Financial System
The Superintendence of Banking, Insurance and Private Pension Fund Administrators approves the Market Conduct Management Regulation for the Financial System, establishing obligations for financial entities regarding market conduct, information transparency, and complaint management. The resolution mandates the appointment of a full-time Market Conduct Officer, requires the implementation of specific governance policies and training programs, and sets reporting deadlines for semi-annual and annual compliance reports. Additionally, it modifies the Credit and Debit Card Regulation and the Accounting Manual to enhance supervisory oversight of credit card products.
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