Regulatory Alerts2022-01-01 | JPRM-2022-011-MJPRM-2022-011-M — Reforming the Public Sector Deposits Regulation
The Monetary and Regulatory Policy Board of Ecuador issued Resolution JPRM-2022-011-M to amend the Public Sector Deposits Regulation by extending the deadline for the Central Bank of Ecuador to issue the methodology for calculating investment returns from one month to 45 days. This change, effective upon issuance, allows the Central Bank to continue using its previous methodology until the new administrative norm is published. The resolution also ratifies all other provisions of the original January 28, 2022 regulation that remain unchanged.
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