Regulatory Alerts2023-09-26 | NRP-43Added · Updated
Technical Standards on Financial Relationships of Stockbrokerage Houses
The Central Reserve Bank of El Salvador issued Technical Standards NRP-43 to establish minimum financial ratios for stockbrokerage houses regarding liquidity, indebtedness, and solvency. The regulation mandates a minimum liquidity ratio of 1:1, a maximum indebtedness ratio of 5:1 for primary securities placement and 2:1 for other operations, and requires net equity to be at least equal to the capital required by law. These standards, which repeal the 1995 previous regulations, entered into force on October 11, 2023, and define specific calculation methods and account classifications for compliance monitoring.
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