Regulatory Alerts2026-01-01 | JPRFM-2026-029-MResolution No. JPRFM-2026-029-M Approving the Reform to Resolution No. JPRM-2025-006-M, "Codification of Monetary Policy Resolutions and Operations of the Central Bank of Ecuador"
The Financial and Monetary Policy and Regulation Board (JPRFM) issued Resolution No. JPRFM-2026-029-M to reform the Central Bank of Ecuador's codified monetary policy resolutions governing the National Payments System. The resolution updates definitions for payment keys and real-time payments, establishes irrevocability standards for payment orders, and mandates key portability and QR code interoperability standards. Additionally, it sets implementation timelines for payment network connectivity and reserve requirements for specialized electronic payment societies.
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