Regulatory Alerts2023-06-28 | NDMC-24Added · Updated
Technical Standards on Requirements for Information Systems of Securities Market Entities
The Central Reserve Bank of El Salvador issued Technical Standards CNBCR-04/2023 to establish minimum requirements for information systems used by securities market entities. The regulation mandates that entities submit detailed system descriptions, security policies, and undergo rigorous testing phases to ensure operational efficiency and transparency. These standards apply to various financial intermediaries and replace previous guidelines effective July 14, 2023.
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