Company: CIB
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0002058897-25-000052
Chunk: 21

Company: Grupo Cibest S.A.
Filing Date: 2025-11-14
Form: 6-K
Chunk 21
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 Terrorism Financing Law (Initiative 6593): modernizes AML regulations and expands obligated entities per GAFILAT 2 standards.

Congress has shown low legislative productivity in 2025 due to lack of consensus and few plenary sessions, creating regulatory uncertainty as initiatives stall.

#### El Salvador
Regarding enacted regulation:

• Investment Banking Law, regulates financial entities operating exclusively with sophisticated investors (individuals or entities with investment experience and at least U.S. 250,000 in liquid assets). Unlike commercial banks, Investment Banks may conduct operations in local and foreign currency and, with authorization, offer services and structure products based on Bitcoin, stablecoins, tokenized assets, etc. These entities are subject to more flexible regulatory requirements. The Central Reserve Bank has issued three new accounting and financial standards and amended twelve technical standards to include Investment Banks as regulated entities.

• Law for Financial System Stability and Deposit Guarantee, regulates recovery and resolution processes for financial entities. This regulation seeks to preserve the stability of the financial system, ensure the continuity of essential financial services, and protect depositors’ rights in crisis situations, prioritizing public interest over private interest. The law establishes the creation and operation of the Financial Stability Committee, responsible for coordinating the monitoring and evaluation of the financial system, tracking systemic risk, and executing preventive or management actions in the event of systemic financial crises. It also regulates the legal framework of the Deposit Guarantee Institute, a public entity whose function is to secure public deposits.

One of the most relevant changes introduced by this law is the increase in the premium that financial institutions must pay to the Deposit Guarantee Institute to 0.15% annually (versus 0.1% previously), calculated on the monthly daily average of total deposits from the previous quarter. This increase will be implemented gradually over three years from the law’s effective date. Finally, this regulation repeals sections of the Banking Law related to the regulation, restructuring, intervention, and liquidation of financial institutions, as well as the regime applicable to the Deposit Guarantee Institute.

• Temporary Technical Standards for Calculating the Liquidity Reserve on Deposits and Other Obligations (NPBT-16) issued by the Central Reserve Bank. This standard repeals the Temporary Technical Standards for Calculating the Liquidity Reserve on Deposits and Other Obligations (NPBT-15) and modifies provisions regarding the liquidity of the financial system. The new regulation

2 GAFILAT: Grupo de Acción Financiera de Latinoamérica

| 23 |

aims to govern the required liquidity reserve during