Regulatory Alerts2021-11-06 | NRP-30Added · Updated
Technical Standards for the Authorization, Registration, and Operation of Data Information Agencies and Credit History Information Services
The Committee of Norms of the Central Reserve Bank of El Salvador issued these Technical Standards to regulate Data Information Agencies and credit history services following Legislative Decree No. 128. The document mandates that agencies implement user-friendly mechanisms for real-time credit history access and instant messaging alerts. It establishes specific authorization procedures, requiring a 60-day review period by the Superintendency of the Financial System and the submission of detailed operational and security documentation. Additionally, the standards permit the use of cloud computing for database storage, subject to cybersecurity and data protection compliance.