On June 2, the Ministry of Finance and Public Credit launched a public consultation on a draft decree that seeks to modify the regulation of the technical equity of trust companies, pension and severance fund management companies, stock brokerage companies and investment management companies. Comments will be received until July 9, 2021 to the following e-mail addresses: [email protected], [email protected], [email protected].
The draft decree amends Decree No. 2555, which regulates the financial, insurance and securities market sector. The draft amendment seeks to update the instruments that compose the technical equity and the minimum solvency levels of entities that manage third party assets.
In this sense, articles related to the classification and weighting of assets and exposures for credit risk, to the adequate equity for trust companies with their corresponding penalties and to the criteria for belonging to the Basic Equity and Additional Equity, among other points, are modified.