Regulatory Alerts2025-01-01 | JPRF-F-2025-0155Resolution JPRF-F-2025-0155: Reform of Chapter LXII Regulating Technology Financial Services Entities
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2025-0155 to formally regulate Personal Finance Administration and Financial Advisory entities within the Technology Financial Services sector. The resolution establishes specific definitions, operational principles, and minimum qualification requirements, including capital and technical expertise standards, for these entities under the supervision of the Superintendency of Banks. It explicitly prohibits these entities from guaranteeing returns, capturing public deposits, or granting credits, while defining their authorized scope to include digital advisory services and portfolio administration under commercial commission contracts.
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