Regulatory Alerts2024-01-01 | JPRF-V-2024-0131JPRF-V-2024-0131 — Reform to Article 27 of Section VIII "General Provisions", Chapter II "Investment Funds" to correct the calculation formula for the effective rate of administered funds
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2024-0131 to amend Article 27 of the Securities Market Code regarding investment funds. The resolution replaces the previous text with a new mathematical formula for calculating the effective annual yield of administered funds. This regulation entered into force on December 23, 2024, requiring the Superintendency of Companies, Securities and Insurance to notify controlled entities of the change.
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