According to the General Law of Cooperatives, all credits and savings cooperatives should present the following documents to the regulatory agency:
i) a legalized copy of the cooperative's constitution and amendments;
ii) a copy of the cooperative's social statutes;
iii) a certificate from an auditor previously approved by the Bank and Financial Institutions Regulator;
iv) the general balance sheet of cooperative transactions within the last two years.
After this information has been verified and approved, institutions must present the following complementary information: a draft of the cooperative's organizational structure, a description of the security levels of its information systems, and a valuation analysis of the entity's assets. The regulator should determine the adequacy of this information within ninety days of submission.