Regulatory Alerts2024-06-28 | NRP-69Technical Standards for the Preparation of the Quarterly Financial Report
The Technical Standards Committee of the Central Reserve Bank of El Salvador issued these norms to establish the mandatory format, content, and submission deadlines for quarterly financial reports. The regulations apply to various financial institutions, including banks, investment banks, and credit societies, requiring them to disclose detailed liquidity, solvency, and risk exposure data to the Superintendence of the Financial System and the public. These standards, which entered into force on July 16, 2024, supersede previous directives and impose sanctions for non-compliance while defining specific reporting responsibilities for entity directors and auditors.
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