Regulatory Alerts2022-12-30 | NSP-62Added · Updated
Accounting Manual for Voluntary Pension Savings Funds
The Standards Committee of the Central Reserve Bank of El Salvador issued this manual to mandate uniform accounting recording, measurement, and disclosure for Voluntary Pension Savings Funds. The regulation requires Administrative Institutions to submit monthly trial balances within eight business days and semi-annual and annual financial statements with specific auditor reports to the Superintendence. It establishes detailed requirements for accounting systems, including security measures, contingency plans, and the approval process for any modifications to the established chart of accounts.
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