Regulatory Alerts2024-01-01 | JPRM-2024-023-MJPRM-2024-023-M — Reforming the Monetary System Rules contained in Resolution JPRM-2022-020-M
The Monetary Policy and Regulation Board (JPRM) of Ecuador issued Resolution JPRM-2024-023-M to amend the Monetary System Rules by updating the maximum fees that participants in the Auxiliary Payment System may charge for the collection of public funds. The resolution substitutes Article 105 of the previous regulations to establish a maximum fee of USD 0.51 for physical channels and USD 0.27 for electronic channels, with Value Added Tax (VAT) applied additionally. This measure aligns the fee structure with the Organic Monetary and Financial Code and ensures regulatory compliance for public resource collection services.
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