Regulatory Alerts2023-12-14 | NRP-51Technical Standards for Submission and Collection of Information for the Accounting Statistical System of Financial Entities
The Standards Committee of the Central Reserve Bank of El Salvador issued Technical Standards NRP-51 to regulate the submission and validation of financial accounting data by supervised financial entities to the Superintendence of the Financial System. These norms mandate that banks, cooperatives, and other regulated entities transmit specific account catalogs, foreign deposits, and projected balances via the COES database within strict monthly and weekly deadlines. The document establishes technical file structures, validation protocols, and personal liability for directors and managers regarding the accuracy of the reported information.
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