Regulatory Alerts2024-01-01 | JPRM-2024-026-AResolution JPRM-2024-026-A: Termination of Moisés Nikolay Trujillo Avilés as External Member of the Audit Committee of the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2024-026-A to formally terminate the designation of Moisés Nikolay Trujillo Avilés as an external member and President of the Central Bank of Ecuador's Audit Committee. This decision was enacted pursuant to Article 7 of the Audit Committee Regulations, which allows for the removal of members upon the unanimous request of two Board members to ensure compliance with current regulatory composition requirements. The resolution concludes by expressing gratitude for Mr. Trujillo Avilés's contributions and instructing the Central Bank's administrative management to execute the necessary administrative actions to implement the termination effective immediately.
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