Regulatory Alerts2023-03-17 | NRP-38Added · Updated
Technical Standards for Access and Use of the Debtor Inquiry System
The Standards Committee of the Central Reserve Bank of El Salvador issued these standards to regulate access to and use of the Debtor Inquiry System administered by the Superintendence of the Financial System. The document mandates that supervised financial entities, including banks, cooperatives, and insurance companies, designate a liaison executive and authorized users who must submit notarized commitment letters and risk management manuals. Access credentials are assigned within eight business days, and entities must notify the Superintendence of user changes within five business days while maintaining strict confidentiality of debtor information. Existing users must submit updated commitment letters within thirty business days of the April 3, 2023 effective date, and existing system users must submit risk management manuals within sixty business days.