Regulatory Alerts2022-12-30 | NSP-64Added · Updated
Technical Standards for the Transfer of Pension Information
The Norms Committee of the Central Reserve Bank of El Salvador issued these standards to mandate the periodic transfer of pension data from Pension Fund Administrators and other pension institutions to the Financial System Superintendence. The regulations require monthly submissions of affiliate and benefit details, weekly updates on benefit application statuses, and quarterly reports on ownership and administration structures. Implementation deadlines are set at thirty business days for initial mechanisms and one hundred twenty days for subsequent technical modifications, with a ninety-day transition period for system adjustments.
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