Regulatory Alerts2023-12-14 | NRSF-03Technical Standards for the Generation of Information on Monetary Deposits and Their Holders
The Central Reserve Bank of El Salvador issued Technical Standards NRSF-03 to mandate that financial institutions maintain uniform, machine-readable data on monetary deposits and holders for the Financial Superintendence and Deposit Guarantee Institute. The regulation requires entities to generate specific flat-text files linked by a unique client identifier, ensuring data accuracy through monthly validation against statistical accounting systems and secure off-site backups. Compliance involves strict adherence to file naming conventions, data structure specifications, and personal liability for directors and managers regarding the truthfulness and timeliness of the reported information.
Share