Regulatory Alerts2022-12-30 | NSP-63Added · Updated
Technical Standards for the Use of Reference Share Value for Outgoing Cash Flows from Pension Funds
The Committee of Standards of the Central Reserve Bank of El Salvador mandates that Pension Fund Administrators use the share value from seven days prior to the transaction as the reference value for recording outgoing cash flows. For new funds lacking prior data, administrators must record transactions using the current day's share value within seven calendar days and settle any profitability differentials against account 331.01. These standards repeal NSP-28 and entered into force on December 30, 2022.
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