Regulatory Alerts2025-01-01 | JPRF-T-2025-0166Resolution JPRF-T-2025-0166: Reforming Chapter I 'Risk Rating Agencies' of the Unified Standard for Risk Rating Agencies and Risk Rating Applicable to the Financial, Securities, and Insurance Systems
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-T-2025-0166 to amend Chapter I of the Unified Standard for Risk Rating Agencies, updating regulatory requirements for risk rating methodologies, contract execution, and committee governance. The resolution mandates that rating methodologies adhere to rigorous technical criteria, requires annual contract signing by legal representatives, and establishes strict protocols for the Risk Rating Committee's composition and digital record-keeping. Additionally, it defines specific deadlines for information submission by rated entities and introduces granular rating categories for managed investment funds to enhance transparency and risk assessment accuracy.
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