Regulatory Alerts2024-01-01 | JPRF-F-2024-0132JPRF-F-2024-0132 — Reforms to Section I "Categorization of Guarantees" for the inclusion of vehicle guarantee trusts as adequate guarantees
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2024-0132 to amend the legal framework governing adequate financial guarantees. The resolution explicitly adds vehicle guarantee trusts to the list of acceptable collateral, permitting their use for specific credit operations including vehicle financing, housing credits, and infrastructure projects. This change aligns with recent legislative reforms that removed previous prohibitions on establishing commercial trusts as guarantees for vehicles.
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