Regulatory Alerts2025-01-01 | JPRFM-2025-005-FResolution JPRFM-2025-005-F Approving Reforms to Chapter XL on Closed Supplementary Pension Funds
The Financial and Monetary Policy and Regulation Board of Ecuador issued Resolution JPRFM-2025-005-F to implement mandatory reforms for Closed Supplementary Pension Funds (FCPCs) following the Credit Strengthening and Sustainability Law. The resolution establishes strict qualification requirements and merit-based selection processes for FCPC administrators while defining a four-month transition period for transferring administrative control from the Ecuadorian Social Security Institute to the funds' participants. It mandates the formation of temporary administrative councils and detailed handover protocols to ensure financial continuity and participant rights during the shift to private administration.
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