Regulatory Alerts2026-06-30 | NCF-19Added · Updated
Technical Standards for the Preparation of Financial Statements of Insurance Companies
The Norms Committee of the Central Reserve Bank of El Salvador issued CNBCR-05/2026, effective July 15, 2026, establishing mandatory accounting standards for insurance companies, their subsidiaries, branches, and cooperative associations. The regulation requires financial statements to be prepared in thousands of US dollars using Central Bank technical standards and IFRS, with specific rules for consolidation, valuation, and note disclosure. It defines precise thresholds for overdue loans exceeding ninety days and mandates the recognition of losses in loan portfolios based on delinquency periods and judicial status.
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