Regulatory Alerts2023-01-26 | NSP-75Added · Updated
Technical Standards for the Authorization and Operation of Agencies, National Offices, and Representation Offices for Pension Fund Administrators
The Committee of Norms of the Central Reserve Bank of El Salvador issued Technical Standards NSP-75, effective January 26, 2023, regulating the authorization and operation of agencies, national offices, and representation offices for Pension Fund Administrators (AFPs). The document mandates that AFPs maintain at least one public service agency and requires prior Superintendency authorization for opening additional national or foreign offices, with a maximum 30-business-day review period. It establishes specific operational requirements, including premises independence from financial entities, public information display obligations, and detailed documentation procedures for authorization requests.
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