Regulatory Alerts2023-03-17 | NRP-37Added · Updated
Technical Standards for the Information Collection Procedure for the Shareholder Registry
The Norms Committee of the Central Reserve Bank of El Salvador mandates that financial system members and public security issuers report shareholder data via specific XML files to the Financial System Superintendence. The regulation establishes distinct reporting deadlines for share transfers, ranging from five to ten business days depending on the entity type, such as banks, insurance companies, and pension fund administrators. Entities must utilize unique identification numbers for all shareholders and submit structured data files covering persons, certificates, relatives, and transfers, with a general implementation deadline of October 31, 2023.
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