Regulatory Alerts2022-12-30 | NSP-41Added · Updated
Technical Standards for Information Requests to Pension Fund Administrators for Control of Investments
The Committee of Norms of the Central Reserve Bank of El Salvador issued Technical Standards NSP-41, effective March 1, 2023, requiring Pension Fund Administrators to submit Daily and Monthly Reports to the Financial System Superintendence. These reports must detail investment operations, cash flows, and portfolio variations using specific annexes and electronic formats, with Daily Reports due by the seventh calendar day following operations. The Standards repeal previous regulations and mandate that monetary values be expressed in US Dollars, while non-compliance with submission deadlines triggers specific explanatory letter requirements and sanctions under the Law on Supervision and Regulation of the Financial System.
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