Regulatory Alerts2023-09-26 | NDMC-25Technical Standards for the Handling of Securities and Transfer of Client Securities by Brokerage Houses
The Standards Committee of the Central Reserve Bank of El Salvador issued Technical Standards NDMC-25 to regulate how authorized brokerage houses manage physical and dematerialized client securities and execute transfers. The regulation mandates the use of specific, sequentially numbered forms for receipts, deliveries, and transfers, requiring strict archival controls and electronic system safeguards for data integrity. These standards, effective October 11, 2023, replace previous guidelines and establish compliance requirements under the Financial System Supervision and Regulation Law.
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