Regulatory Alerts2024-06-05 | NRP-57Technical Standards for the Control of Investment Diversification of Insurance Companies
The Technical Standards Committee of the Central Reserve Bank of El Salvador issued these norms to regulate the minimum requirements for insurance companies to report investment diversification data to the Financial System Superintendence. The regulations mandate monthly reporting of eligible instruments, investment limits by issuer and issuance, and summary calculations to identify any investment excesses or deficiencies. Non-compliance with these provisions is subject to sanctions under the Financial System Supervision and Regulation Law, with the norms entering into force on June 20, 2024.
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