Regulatory Alerts2015-07-15 | NDMC-03Added · Updated
Technical Standards for the Authorization and Registration of Investment Administrators of Investment Funds
The Technical Standards establish the requirements for natural persons to be authorized and registered as investment administrators of Investment Funds by the Superintendence of the Financial System. Authorized administrators must be employed by an authorized Fund Manager, hold a relevant university degree or three years of experience, and meet strict ethical and legal criteria, including clean records for themselves and their spouses. The Fund Manager is responsible for verifying these requirements and submitting applications, which the Superintendence reviews within ten business days. Authorization is valid only for the duration of the employment contract and is subject to suspension or revocation for non-compliance.
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