Regulatory Alerts2025-01-01 | JPRF-F-2025-0142JPRF-F-2025-0142 — Repeal of General Provision Sixth of Section V on Risk Asset Provisioning Rules for Savings and Credit Cooperatives and Mutual Housing Associations
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2025-0142 to formally repeal General Provision Sixth of Section V, which contained the rules for constituting provisions for risk assets in savings and credit cooperatives and mutual housing associations. This regulatory change was initiated upon technical and legal recommendations from the Superintendency of the Popular and Solidarity Economy to update the legal framework governing the popular and solidarity financial sector. The resolution entered into force on March 19, 2025, following its approval in an extraordinary session and subsequent publication requirements.
Share