Regulatory Alerts2021-08-31 | NDMC-21Added · Updated
Technical Standards for the Registration of Administrators in the Public Stock Exchange Registry
The Norms Committee of the Central Reserve Bank of El Salvador issued these standards to establish requirements and procedures for registering administrators of entities subject to the Public Stock Exchange Registry. Entities must submit specific documentation, including identity proofs and sworn declarations, within five business days of appointment, while the Financial System Superintendence has a maximum of twenty business days to authorize or deny requests. The norms repeal the 2008 regulation and entered into force on September 17, 2021.
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