Regulatory Alerts2025-01-01 | JPRF-V-2025-0157Resolution JPRF-V-2025-0157: Reforming Sections on Public Offering and Issuance of ETF Quotas and Investment Funds
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2025-0157 to amend regulations governing the public offering and issuance of quotas for Exchange Traded Funds (ETFs) and investment funds. The resolution establishes new requirements for primary public offerings of ETF quotas, mandating approval from the Superintendence of Companies, Securities and Insurance and the submission of updated public offering prospectuses. Additionally, it introduces specific governance rules for ETFs, including procedures for unit holder assemblies, the composition and powers of a Surveillance Committee, and detailed documentation requirements for fund registration.
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