Regulatory Alerts2025-08-28 | NRP-88Added · Updated
Technical Norms for the Authorization of Constitution and Commencement of Operations of Investment Banks in El Salvador
The Central Reserve Bank of El Salvador issued Technical Norms NRP-88 to establish the requirements and procedures for authorizing the constitution and operational commencement of Investment Banks. The regulations mandate that these entities be organized as fixed-capital anonymous societies with a minimum of two shareholders and a board of directors, subject to strict capital and solvency standards. The Superintendency of the Financial System oversees a 60-day authorization process that includes rigorous document verification, public disclosure of initial shareholders and directors, and final resolution based on financial feasibility and legal compliance.