El Salvador: Rules for Investment Funds

On July 11 technical standards came into effect which must be adhered to by companies managing investment funds in the country.

Tuesday, July 12, 2016

From a report by the Central Reserve Bank of El Salvador:

The Standards Committee of the Central Reserve Bank of El Salvador in its Session No. CN-05/2016, dated June 22, 2016, approved the "Technical Standards for Investment Fund Managers" (NDMC-07) as part of the standards required by the Law on Investment Funds, reported the institution today.

See: "El Salvador: First Investment Fund Company"
 
The Central Bank explained that the Standards set out the guidelines to be followed by fund managers with respect to investments made with resources from the investment funds they manage, in order to obtain an adequate return, depending on the risk level of the Fund, liquidity requirements, diversification and limits defined in the investment policy according to the nature of the Fund, according to the Internal Rules and in accordance with the provisions of the Law on investment Funds.

Read full report (in spanish).

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