Regulatory Alerts2017-07-28 | NDMC-13Added · Updated
Technical Standards for the Submission and Disclosure of Information of Investment Funds
The Committee of Standards of the Central Reserve Bank of El Salvador issues technical standards requiring Investment Fund Managers to disclose essential information and material events to the Superintendence of the Financial System and the public. Managers must submit notifications to the Superintendence no later than the next business day after an event occurs, with supporting documentation due within 30 days, and publish these events on their websites within the same timeframe. The regulations define specific material events for both managers and funds, mandate the appointment of responsible persons, and require the maintenance of internal policies and records for identified material events.
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