Regulatory Alerts2023-12-14 | NRSF-03Added · Updated
Technical Standards for the Generation of Information on Monetary Deposits and Their Holders
The Central Reserve Bank of El Salvador issued Technical Standards NRSF-03 to mandate that financial institutions maintain uniform, machine-readable data on monetary deposits and holders for the Financial Superintendence and Deposit Guarantee Institute. The regulation requires entities to generate specific flat-text files linked by a unique client identifier, ensuring data accuracy through monthly validation against statistical accounting systems and secure off-site backups. Compliance involves strict adherence to file naming conventions, data structure specifications, and personal liability for directors and managers regarding the truthfulness and timeliness of the reported information.
More like this from SSF
We email you every new SSF publication the day it's published.