Instruction for the Approval of Deposit Standards for Investment Banks — BCR — SV

OCTOBER 2025
INSTRUCTION FOR THE APPROVAL OF
DEPOSIT STANDARDS FOR INVESTMENT BANKS

INDEX

GENERALITIES................................................................................................................................................... 1
OBJECTIVE.............................................................................................................................................................. 2
DEFINITIONS....................................................................................................................................................... 2
GENERAL STANDARDS ........................................................................................................................................... 3
SPECIFIC STANDARDS .......................................................................................................................................... 4
5.1. APPLICATION............................................................................................................................................................. 4
5.2. MINIMUM REQUIREMENTS OF THE DEPOSIT STANDARD ........................................................................................ 5
5.3 ANALYSIS OF THE APPLICATION................................................................................................................................... 6
5.4 APPROVAL OR DENIAL ............................................................................................................................. 7
5.5 NOTIFICATIONS TO THE ENTITY........................................................................................................................... 8
5.6 APPLICATIONS WITHOUT EFFECT ..................................................................................................................................... 8
SPECIAL PROVISIONS ................................................................................................................................. 9
VALIDITY, DISTRIBUTION AND DISCLOSURE.......................................................................................................... 9
MODIFICATION CONTROL TABLE ............................................................................................................. 11

CENTRAL BANK
OF RESERVE OF EL
SALVADOR
INSTRUCTION FOR THE APPROVAL OF DEPOSIT STANDARDS FOR INVESTMENT BANKS DEPARTMENT OF
PAGE No.
CODE
980505
REVISED
Manager of Financial Stability and Public Policies APPROVED BY:
Session No. CD-28/2025, dated October 31, 2025

GENERALITIES
1.1. BACKGROUND
The Organic Law of the Central Bank of Reserve of El Salvador establishes that, in order to regulate the financial system, the Central Bank may issue instructions applicable regarding the terms and transferability requirements of funds collection instruments from the public; therefore, the Investment Banks Law authorizes it to issue such standards through instructions, which Investment Banks must adhere to regarding the collection of funds from Sophisticated Investors in any form, whether in national or foreign currency.

For its part, the Administrative Procedures Law regulates the validity and efficacy requirements of administrative actions of the entire Public Administration, which is already reflected in this Instruction.

In this version of the instruction, the treatment of information classification as "confidential" is generalized according to Article 24 of the Public Information Access Law, the electronic channel is incorporated complementarily to receive applications for approval of new deposit standards or modifications to already approved ones, and improvements are made to the classifications and timeframes for the complexity of the Standards.

1.2. LEGAL BASIS
This Instruction is issued in accordance with the following legislation:
1.2.1. Article 50, letter a) of the Organic Law of the Central Bank of Reserve of El Salvador.
1.2.2. Articles 3, 4, 41, 42, 45, 46, and 71 of the Investment Banks Law.
1.2.3. Articles 18, 19, 72, 83, 86, 88, 89, 97, and 99 of the Administrative Procedures Law.
1.2.4. Article 24 of the Public Information Access Law.

1.3. SCOPE OF APPLICATION
The provisions contained in this Instruction shall be applied by the Central Bank of Reserve of El Salvador to Investment Banks.

OBJECTIVE
To establish the provisions for the approval or modification of the Deposit Standards of Investment Banks, regarding transferability or negotiability and the term to which these entities are subject, concerning the collection of funds from Sophisticated Investors in any form.
DEFINITIONS
3.1. Central Bank: Central Bank of Reserve of El Salvador.
3.2. Department: Department of Public Policies and Financial Innovation.
3.3. Requesting Entity: Investment Banks.
3.4. Management: Management of Financial Stability and Public Policies.
3.5. Sophisticated Investors: natural or legal persons, provided they meet the following criteria:
a) Financial knowledge and experience: They must have knowledge, experience, or skills to handle complex investments or financial operations. b) Capacity to assume risks: Meaning, they can understand and bear the possible losses or risks involved in more sophisticated financial operations. c) Minimum net worth: They must have at least USD 250,000 in easily liquidated assets, meaning resources that can be transformed into cash quickly and without many legal, contractual, or encumbrance restrictions. d) Easily liquidated assets ("liquidity"): These assets may include cash, Treasury bonds, tokenized bonds, gold (including tokenized gold),

stablecoins, Bitcoin, or other digital assets, provided they are free of encumbrances and restrictions that prevent their immediate use or alienation. e) Funds availability free of restrictions: Their Assets must be mostly under their control, without encumbrances, legal or contractual restrictions that prevent their use or rapid disposal.

3.6. Product Modalities: These are accounts derived from the main product and differentiated by their particular characteristics, such as the segment they target, opening amounts, or account handling.
3.7. Deposit Standards: Set of rules through which Investment Banks will govern themselves to collect funds from Sophisticated Investors in different modalities such as receiving deposits, placing bonds, titles, or other obligations.
3.8. SAS: Simplified Joint Stock Company.
3.9. Final Version: Document of Deposit Standards containing the incorporation of observations made during the approval process and meeting the conditions required by the Central Bank.

GENERAL STANDARDS
4.1. The requesting entity must submit an application to the Presidency of the Central Bank, attaching an original physical or digital copy (to the email politicaspublicas@bcr.gob.sv) of the Deposit Standard; as well as the documentation listed in section 5.1.1 as applicable; if additional information is necessary for the analysis of this, it will be submitted with the application.
4.2. At the same time, a copy of the application and attachments in PDF format and a digital Word format file of the deposit standard must be sent to the email: politicaspublicas@bcr.gob.sv, according to section 5.1.1.4.
4.3. It is the obligation of the requesting entity to comply with the requirements and timeframes granted within the approval process of the standards (Annex No. 1).
4.4. It is the responsibility of the Management, through the Department, to perform the corresponding analysis of the Deposit Standard, which must include the legal opinion and respect the timeframes established in the approval process; likewise, it must maintain a single file for each Deposit Standard submitted for approval or modification by the Board of Directors.
4.5. Once the final version of the original physical copies of the Deposit Standards is received, duly authorized by the requesting entity and with its corresponding transmittal letter, the Management is authorized to manage before the Board of Directors the inclusion in the agenda for the approval or denial of the Deposit Standard application, and will have the timeframe corresponding to the degree of complexity of the application.
4.6. The timeframes established in this Instruction refer to working days and are counted from the next working day.
4.7. Applications will be resolved according to their degree of complexity, and the timeframes will begin to count from the next working day after all documentation referenced in sections 5.1 and 5.2 is validated, a timeframe that the Department will communicate to the Requesting Entity.
4.8. The timeframes mentioned in Annex No. 1 will be extended if the Department requires additional analysis of the content of the Deposit Standard or if the requesting entity requires an extension of the timeframe to remedy the observations made; in both cases, the extension will be communicated by the Department to the entity.
4.9. The administrative procedure regulated in this Instruction must be concluded within a maximum period of nine months counted from its initiation, in accordance with Article 89 of the Administrative Procedures Law.
SPECIFIC STANDARDS
5.1. APPLICATION
5.1.1. The Legal Representative or Attorney of the requesting entity must submit to the Presidency of the Central Bank the following documentation:
5.1.1.1. Application for Approval of Deposit Standards, duly signed and stamped (Annex No. 2), legalization of the applicant's signature according to Article 54 of the Notaries Law, in which the documents accrediting the capacity in which the signatory acts are listed.

5.1.1.2. Notarially certified copy of the deed of incorporation, in the case of newly constituted entities that are in the process of authorization to begin operations.
5.1.1.3. Editable Microsoft Word format file of the document containing the deposit standard subject to approval, which must comply with what is established in section 5.2 as applicable.
5.1.1.4. Certification of the point of the minutes where the highest authority of the requesting entity authorizes the start of the procedure. This document, when submitted physically to the Central Bank, if not original, must be a notarially certified copy.
5.1.2. Any application lacking the documentation required in this Instruction will have a timeframe of ten working days from the day following the date of communication to the requesting entity to complete it. The entity may request an extension of the aforementioned timeframe, which may not exceed five working days. If not received by the end of the timeframe, what is established in section 5.6.2 will apply.

5.2. MINIMUM REQUIREMENTS OF THE DEPOSIT STANDARD
The document containing the Deposit Standard subject to approval must contain at minimum the following:
5.2.1. When it concerns a savings account, current account, or time deposit, it must comply with what is established in the "Scheme of the content of a Deposit Standard" (Annex No. 3), as applicable.
5.2.2. When it concerns Dematerialized Investment Certificates, they must comply with the "Scheme of the content for deposit standards for dematerialized investment certificates" (Annex No. 4), as applicable, and with the "Minimum Guidelines that must be contained in the Standards regulating Dematerialized Investment Certificates" in force on the date and available on the Central Bank's website (www.bcr.gob.sv).

5.3 ANALYSIS OF THE APPLICATION
5.3.1 The Department will perform the following:
5.3.1.1 Verify within the first two working days of receipt that the application complies with the documentation required in this Instruction in sections 5.1 and 5.2; otherwise, it will notify the requesting entity as established in section 5.1.2.
5.3.1.2 Classify the type of complexity of the analysis of the deposit standard, as established in Annex No. 1.
5.3.1.3 Notify the contact registered in the application of the classification of the Deposit Standard and the response timeframe.
5.3.1.4 Analyze the content of the Deposit Standards and verify compliance with the minimum requirements defined, from a financial point of view.
5.3.1.5 Request from the requesting entity during the analysis process, the expansion of information on the products or the standard in general, if necessary.
5.3.1.6 Notify the requesting entity of the financial and legal observations.
5.3.2 The Legal Management will analyze that the content of the Deposit Standards is in harmony with other laws that develop and regulate the financial products contained in the referenced standards, will issue a legal opinion on the matter, and will send it to the Department to incorporate it into the final analysis.
5.3.3 The timeframe for analyzing the content of the Deposit Standard will not exceed fifteen working days, depending on the complexity of the standard. This timeframe may be extended substantiated up to the maximum established for the referenced analysis according to Annex No. 1, depending on the complexity of the Standard.
5.3.4 If observations arise from the analysis, they will be notified to the contact named by the entity via email, through a prevention note. The requesting entity must remedy the observations within a maximum timeframe of ten working days, counted from the next working day after the notification by the Central Bank, and must send the document to the Department, digitally with the changes incorporated.

5.3.5 The timeframe to remedy observations may be extended before its expiration at the request of the requesting entity, for which it must send a letter via email to the Department. This timeframe will run from the next working day after the expiration date of the initial timeframe, and may not exceed ten working days.
5.3.6 When the requesting entity does not remedy all observations, it must justify the reasons why they were not incorporated in their entirety, allowing the requesting entity to resubmit the document based on what was agreed, not exceeding five working days. Otherwise, a new application must be submitted, restarting the approval process.
5.3.7 If the entity remedies all observations, the process will continue.

5.4 APPROVAL OR DENIAL
5.4.1. The Department will notify the requesting entity of the conformity of the Deposit Standards once compliance with the observations is verified, and will indicate that two original copies must be sent physically or digitally (to the email politicaspublicas@bcr.gob.sv) to the main offices of the Central Bank within a period not exceeding five working days.
5.4.2. The entity must submit the application based on Annex No. 5, and the copies must meet the following requirements:
5.4.2.1. Contain the suggested changes incorporated in their text.
5.4.2.2. Present the copies on paper with the Entity's letterhead, printed double-sided or digitally.
5.4.2.3. Each page must bear the seal and signature of the Legal Representative or Attorney of the requesting entity.
5.4.3. The Department will verify, within a period not exceeding two working days following the receipt of the copies and documentation, that they comply with what is required in this Instruction; otherwise, it will notify the requesting entity to remedy the lack of requirements or attach the requested documents within a maximum timeframe of ten working days.

5.4.4. Once the physical or digital copies, as well as all corresponding documentation, are received, and with the Department's approval, the application will be presented for consideration by the Board of Directors, who will approve the Deposit Standards, based on the technical report and legal opinion, presented by the Management and the Legal Management.
5.4.5. The Board of Directors will deny the application in the following cases:
5.4.5.1. When the Management, based on the opinions of the Departments of Public Policies and Financial Innovation and Legal Management, observes that after the submission of the notification, the requesting entity did not incorporate the comments made to the standard to satisfaction.
5.4.5.2. When the Management, based on the opinions of the Department of Public Policies and Financial Innovation and Legal Management, observes that after the submission of the notification, the requesting entity has incorporated new elements, products, or modifications that were not part of the analysis performed.
5.4.6. The Secretary of the Board of Directors will communicate to the requesting entity what was resolved by the aforementioned Board.

5.5 NOTIFICATIONS TO THE ENTITY
Once the entity's application has been addressed in a Board of Directors session, the requesting entity will be communicated the resolution taken after its pronouncement.

5.6 APPLICATIONS WITHOUT EFFECT
5.6.1 It will be understood that an application is without effect:
5.6.1.1 When compliance with what is defined in section 5.1 of this Instruction is not given.

5.6.1.2 When the requesting entity has not remedied the observations within the timeframe indicated in this Instruction.
5.6.1.3 When the requesting entity does not submit the two final copies along with the corresponding documentation in the manner required in this Instruction, within the timeframe indicated in sections 5.4.1 and 5.4.3.
5.6.1.4 At the request of the requesting entity.
5.6.2 In any of the situations indicated above, the Management will declare the application without effect and proceed to archive it, which it will communicate electronically to the requesting entity. In any case, the interested parties will maintain their right to submit a new application, which will give rise to a new procedure.

SPECIAL PROVISIONS
6.1 The operational aspects that arise in the execution of this Instruction will be resolved by the Presidency of this Central Bank, at the request of the Management.
6.2 The aspects not contemplated in this Instruction will be resolved by the Board of Directors of the Central Bank.
VALIDITY, DISTRIBUTION AND DISCLOSURE
7.1 This Instruction will enter into force from November 1, 2025, approved in Session No. CD-28/2025 of October 31, 2025.
7.2 The Board of Directors will keep a copy of this Instruction as backup to the approval minutes and will deliver the original to the Risk and Strategic Management Management. Likewise, it will deliver an electronic copy to the Department and authorize it to distribute electronic copies to the following Units:
7.2.1 Presidency
7.2.2 Management of Financial Stability and Public Policies
7.2.3 Legal Management
7.3 The Secretariat of this Board of Directors is authorized to send a copy of this Instruction to the Requesting Entities.

7.4 The Management of Financial Stability and Public Policies, through the Department, will disseminate this Instruction to the involved units.
7.5 The Risk and Strategic Management Management is authorized to publish this Instruction in the Administrative Instruments System, for general consultation.
7.6 This Instruction will be published in its entirety on the Central Bank's Website, for the knowledge of the general public.

MODIFICATION CONTROL TABLE
No.
Revision
Previous Version
Approved Version
Approver and
Date

Effective Date: November 1, 2025

Annex No. 1
CLASSIFICATION OF RULES BY COMPLEXITY LEVEL

Classification: Complexity 1

Change of company name or denomination of the Entity.
Change in the denomination of products or formal aspects.

Classification: Complexity 2

Request for Rules for the first time.
Incorporation of a new product or modality.
Updating rules that have been in effect for more than 5 years.
Complete change of the rule(s).
Rules for a new entity in the Financial System.
New aspects not clearly defined in the regulation.
Other aspects not previously contemplated.

Response Timeframe:

Activities	Entity (Complexity 1)	BCR (Complexity 1)	Total (Complexity 1)	Entity (Complexity 2)	BCR (Complexity 2)	Total (Complexity 2)
BCR receives the request with the required documentation	Day 0	Day 0
BCR Assigns/Communicates complexity and response timeframe	1
BCR analyzes Deposit Rule	7	7	10	10
Entity Incorporates Observations	10
BCR validates Observations	2	2	4	4
Entity transmits two original physical copies and attached documentation	3
BCR verifies the two original physical copies and attached documentation	2
BCR prepares final documents to present to the Board of Directors	3
Review and approval to submit to the Board of Directors for approval by Management	2
Maximum Response Timeframe	13	17	30	13	22	35

Note: Timeframes will begin from the day following the validation of the request with complete documentation. The timeframes stipulated in the table above do not include extensions requested by the requesting entity or the Central Bank, nor do they include timeframes for second incorporation and validation of observations, nor the period to complete physical documentation or the lack of requirements by the requesting entity (Sections 5.3.3, 5.3.5, 5.3.6, 5.4.1, and 5.4.3).

The Management will submit the request to the Board of Directors' approval process; subsequently, the Central Reserve Bank will communicate the resolution taken to the Entity.

Effective Date: November 1, 2025

Annex No. 2
Letter of Request for Approval of Deposit Rules

San Salvador, El Salvador, _____ of _________ of _________

To the Presidency
Central Reserve Bank
Present

I, (name of the legal representative or Attorney-in-fact)_______ in my capacity as _ (position)______________ of (name of the requesting entity)___, request that the following deposit rule be submitted for approval to the Board of Directors of the Central Reserve Bank:
_____________________________________________________________________________________________ _____________________________________________________________________________________________, for which one copy is transmitted, with the detailed documentation listed below:

Notarially certified copy of the deed of incorporation, if applicable.
Certification of the minutes point (original or notarially certified copy) where the highest authority of the requesting entity authorizes initiating the approval or modification process of the deposit rule.

Status of the Request: First Time ______ Partial Modification_____ Total Modification_____ In the case of modification, please indicate them:
Below, detail the main modifications to the deposit rule:
1 ___________________________________________________________________________________ 2 ___________________________________________________________________________________ 3 ___________________________________________________________________________________

Additionally, I request that based on Article 24 of the Law on Access to Public Information, the transmitted documentation be treated as CONFIDENTIAL.

For additional information, contact:
Name: ____________________________________________ Email: ____________________________________ Contact Phone: __________________________________

Sincerely.

Signature: __________________________
Requester

Note: Legalization of the requester's signature relating the documents that accredit the quality of the signer (Art. 54 of the Notary Law)

Effective Date: November 1, 2025

Annex No. 3
SCHEMA OF THE CONTENT OF A DEPOSIT RULE

INTRODUCTION
Define the object of the Deposit Rule to be developed and establish the applicable legislation.
SCOPE
Specify that the Deposit Rule will be applicable to the fund collection operations of Sophisticated Investors, to which the Financial Institution must adhere.
DEFINITIONS OR TERMINOLOGY USED
Define the concepts and/or abbreviations addressed within the Deposit Rule.
GENERAL RULES FOR ACCOUNT MANAGEMENT
The applicable aspects for each of the products and their modalities will be defined.

4.1 OPENING OF DEPOSIT ACCOUNTS

Determine if the opening of deposit accounts will be carried out in branches, electronic and digital media, websites, electronic platforms, or others determined by the bank.
Specify the minimum mandatory documents that the Sophisticated Investor as a natural person, legal entity, national, and foreigner must present, as applicable.

Legal entities will present:

Testimony of the Public Deed of Incorporation registered in the corresponding Registry or the corresponding incorporation document, according to the legally authorized constitutive procedure, as in the case of SASs or Non-Profit Organizations, among others. For foreign persons, constitutive act, statutes, or other document evidencing their incorporation;
Tax Identification Number (TIN);
Taxpayer Registration Number Card (VAT) when applicable;
Commercial Registration, when applicable;
Legal Representative Information: Full name, DUI (for foreigners Passport, Residence Card, or other document accrediting their migratory status), TIN, and Credential of Election of Board of Directors or Sole Administrator and Alternate registered in the Commercial Registry.

Legal entities constituted as Simplified Joint Stock Companies (SAS) will present:

Document accrediting the respective registration issued by the Commercial Registry.
Tax Identification Number (TIN).
Taxpayer Registration Number Card (VAT)
Legal Representative Information: Full name, DUI (for foreigners Passport, Residence Card, or other document accrediting their migratory status).
General manner in which the account formalization will be carried out.

Effective Date: November 1, 2025
Annex No. 3

Other aspects considered by the Entity.

4.2 OWNERSHIP AND FORMS OF OPENING
Detail and define whether it can be Sole Ownership, Co-ownership, or Alternative Ownership, as well as the place where such deposits can be opened, as applicable.

4.3 MINIMUM OPENING AMOUNT
It must be specified that this will be defined by the Requesting Entity, without specifying amounts.

4.4 ACCOUNT MANAGEMENT (DEPOSITS AND WITHDRAWALS)
Establish the applicable provisions generally for the management of the products.

4.5 CHARGING OF COMMISSIONS AND SURCHARGES
Establish that the commissions or surcharges applicable to the product will be detailed in the contract and will be published on notice boards located in customer service offices, if any, and on digital platforms, in accordance with Article 45 of the Investment Bank Law; Additionally, specify the Consumer Protection Law related to commissions and surcharges, abusive clauses, and others applicable; likewise, establish the manner in which compliance with the delivery of the "Minimum information in passive operations" established in the "Technical Norms for the Transparency and Disclosure of Information of Banking Financial Services (NCM-02)" will be given.

4.6 FINANCIAL EDUCATION
Detail the financial education programs and initiatives to develop knowledge of Investment Banks, as well as their products, use, benefits, and risks, rights, and obligations; in such a way that the good use of resources of their investors or the population is promoted.

4.7 INTERESTS
Specify that interest rates are established by the Requesting Entity or clearly establish that no interest will be paid, the manner in which they will be capitalized, and how adjustments will proceed, in accordance with Articles 45 and 46 of the Investment Bank Law.

4.8 DESIGNATION OF BENEFICIARIES
Establish that, for the products defined within the rule, depositors may designate beneficiaries for which they will specify the respective proportions and the entity's obligation to communicate with the beneficiary if required by the depositor. The institution must establish how it will proceed in case the account holder has not established beneficiaries.

4.9 CHANGE OF CLIENT ADDRESS
Enumerate the user's responsibility to inform the requesting entity in case it applies.

Effective Date: November 1, 2025
Annex No. 3

4.10 EXEMPTION FROM SEIZURE
Establish the content of this section in accordance with Article 56 literal "j" of the Banking Law, in relation to Art. 71 of the Investment Bank Law.

4.11 INACTIVITY OF ACCOUNTS
Detail the reasons why the entity considers leaving the account inactive and include within this section the activation method, as well as the mechanisms to notify account inactivity, as well as how account activity can be recovered.

4.12 CLOSURE OR CANCELLATION OF ACCOUNTS
Specify the means the depositor must use to close each product, as well as describe the cases in which the requesting entity has the right to close an account, considering Article 13-B of the Consumer Protection Law regarding the right to cancel with the same or similar facilities as those had for contracting.

SPECIFIC RULES BY TYPE OF DEPOSIT

5.1 DEFINITION OF TYPE OF DEPOSIT

5.2 MODALITY: Enumerate the different modalities by type of deposit.
5.2.1. Name of the modality (Examples: Premium Modality, Key Investor, Moderate Investor, etc.).
5.2.2. Product Characteristics:
Detail the particularities of the account, such as: Use of media, withdrawal and deposit methods, ancillary company services, use of the Requesting Entity's platforms and ancillary services, limitations in services, types of cryptocurrencies considered in ancillary services, transaction mechanisms, methods for calculating exchange rates, establishment of exchange rates in cryptocurrencies and FIAT currencies, among others.
5.2.3. Market Segment:
Identify which depositors the product is directed toward.
5.2.4. Product Benefits:
Enumerate the benefits applicable to each product, excluding aspects inherent to the product itself.

AUTHORIZATION AND VALIDITY:
The Deposit Rules will enter into force seven days after the date of approval by the Board of Directors of the Central Reserve Bank.

Effective Date: November 1, 2025

Annex No. 4
SCHEMA OF CONTENT FOR DEPOSIT RULES OF DEMATERIALIZED INVESTMENT CERTIFICATES

INTRODUCTION
Define the object of the Deposit Rule to be developed and establish the applicable legislation.
PRODUCT DENOMINATION: According to the guidelines issued by the Central Bank.
MARKET SEGMENT: Define which depositors the product is directed toward.
CHARACTERISTICS OF DEMATERIALIZED INVESTMENT CERTIFICATES: Form of representation, currency, minimum amount, etc.
TERM: Specify the term from the date of placement.
INTEREST RATE: Specify the base or reference interest rates.
PAYMENT METHOD: Identify payment alternatives.
SETTLEMENT AND PLACE OF PAYMENT: Establish the form of settlement and places for payment.
GUARANTEES: Specify the guarantees of the issuances.
NEGOTIABILITY: Enumerate whether they will be negotiable in the secondary market.
TRANSFER: Specify the means by which transfers will be carried out.
AUTHORIZATION AND VALIDITY: The Rules will enter into force seven days after the date of approval by the Board of Directors of the Central Reserve Bank.

Effective Date: November 1, 2025

Annex No. 5
Letter of Transmittal of Physical or Digital Rules

San Salvador, El Salvador, _____ of _________ of _________

To the Presidency
Central Reserve Bank
Present

I, (name of the legal representative or Attorney-in-fact)_______ in my capacity as _ (position)______________ of (name of the requesting entity)___, transmit copies of the final version of the deposit rule: (Name of the rules or rules), which is in the process of review to be submitted for approval to the Board of Directors of the Central Reserve Bank of El Salvador, with the following characteristics and the detailed documentation:

Two original copies of the final version of the deposit rule, printed front and back on the entity's letterhead paper or in digital format, with each page duly initialed and stamped;

Status of the Request: First Time ______ Partial Modification_____ Total Modification_____

Additionally, I request that based on Article 24 of the Law on Access to Public Information, the transmitted documentation be treated as CONFIDENTIAL.

Sincerely.

Signature: __________________________
Requester

Note: Legalization of the requester's signature relating the documents that accredit the quality of the signer (Art. 54 of the Notary Law)