Regulatory Alerts2016-09-02 | NDMC-10Added · Updated
Technical Standards for the Marketing of Participation Units of Open-End Investment Funds
The Technical Standards establish the minimum requirements and procedures for the authorization and registration of entities marketing participation units of open-end investment funds in El Salvador. The regulations define obligated subjects, including fund managers, brokerage houses, and other financial or non-financial legal entities, detailing specific documentation and operational model requirements for each category. It mandates that commercialization agents and entities obtain prior authorization from the Superintendency of the Financial System and adhere to strict internal controls, risk profiling procedures, and anti-money laundering obligations.
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