The National Banking and Insurance Commission (CNBS) has approved the Regulations to the Law on Transparency and Centralized Registration of Ultimate Beneficial Owners through Circular CNBS No. 010\/2026.<\/p>\r\n
The regulations establish the criteria, procedures, and technological mechanisms for the registration, declaration, updating, review, and verification of ultimate beneficial ownership information,<\/strong> as well as a system of violations and penalties for noncompliance.<\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n The exemptions established by law remain in effect, although the CNBS may request information and documentation to verify that an entity actually qualifies for an exemption.<\/p>\r\n <\/p>\r\n The regulations establish that identification must be carried out by successively applying and documenting the ownership and effective control criteria.<\/p>\r\n An ultimate beneficial owner by virtue of ownership is defined as a natural person who directly or indirectly owns 25% or more of an entity\u2019s assets or capital.<\/strong> Where ownership is indirect, the entire ownership chain must be analyzed and documented until the natural person who ultimately meets that threshold is identified.<\/p>\r\n Individuals who exercise effective control through means other than ownership must also be identified. This includes individuals with the authority to appoint or remove management bodies, decision-making power over financial, operational, or commercial matters, or other forms of decisive influence.<\/p>\r\n If the ultimate beneficial owner cannot be identified using these criteria, the senior managing official must be registered, expressly documenting this circumstance and the reasons supporting it.<\/p>\r\n <\/p>\r\n Reporting entities must submit the Sworn Declaration of Ultimate Beneficial Ownership<\/strong> through the platform provided by the CNBS and support the declared information with sufficient documentation to establish the identity of the ultimate beneficial owner and the ownership and control structure.<\/p>\r\n <\/p>\r\n Annual updates:<\/strong> Information must be updated no later than May 30 of each year.<\/strong> Even if no changes have occurred, the entity must report this through the platform.<\/p>\r\n Updates following changes:<\/strong> Any change to ultimate beneficial ownership information must be registered within the first 10 business days of the month following the month in which the change occurred.<\/strong><\/p>\r\n Record retention:<\/strong> Entities must retain records and information relating to their ultimate beneficial owners for a period of at least five years.<\/strong><\/p>\r\n New entities:<\/strong> Legal entities or legal arrangements established, incorporated, registered, authorized, or operational after the RCBF becomes available must submit their Sworn Declaration within the month following their creation<\/strong><\/p>\r\n <\/p>\r\n The regulations empower the CNBS to periodically review and verify registered information, cross-check information and enable interoperability with public or private databases, and request clarifications, updates, or documentation when inconsistencies are detected.<\/p>\r\n Information in the RCBF will be confidential<\/strong>, and access will be subject to the conditions and purposes established by law and the regulations.<\/p>\r\n Noncompliance may result in administrative liability. The regulations classify violations as minor, serious, and very serious.<\/strong> Examples include late filing, failure to update information, incorrect identification of the ultimate beneficial owner, omission of information regarding the ownership or control chain, and the provision of information that prevents verification.<\/p>","protected":false},"excerpt":{"rendered":" The National Banking and Insurance Commission (CNBS) has approved the…<\/p>\n","protected":false},"author":3,"featured_media":46591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[229],"tags":[212,420],"class_list":["post-46579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-honduras-2","tag-the-regulations"],"acf":[],"_links":{"self":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/comments?post=46579"}],"version-history":[{"count":6,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46579\/revisions"}],"predecessor-version":[{"id":46597,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/46579\/revisions\/46597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media\/46591"}],"wp:attachment":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media?parent=46579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/categories?post=46579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/tags?post=46579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Who is required to register?<\/span><\/h2>\r\n
Under the regulations, the following entities must be registered in the Centralized Ultimate Beneficial Ownership Registry (RCBF):<\/span><\/h3>\r\n
\r\n\t
How is the ultimate beneficial owner identified?<\/span><\/h2>\r\n
Key obligations<\/span><\/h2>\r\n
The main obligations include:<\/span><\/h3>\r\n
Enhanced verification powers for the CNBS<\/span><\/h2>\r\n