Regulatory Alerts2024-09-23 | NCF-06Accounting Manual for Asset Securitization Funds
The Standards Committee of the Central Reserve Bank of El Salvador issued the Accounting Manual for Asset Securitization Funds to establish uniform technical accounting treatments and financial reporting standards. The regulation mandates that securitization funds maintain independent accounting records, apply International Financial Reporting Standards, and submit detailed monthly electronic trial balances to the Superintendency of the Financial System. It further defines a specific chart of accounts structure, internal control requirements, and the mandatory maintenance of legal and administrative books by securitization companies.
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