Regulatory Alerts2024-01-01 | JPRF-V-2024-0117JPRF-V-2024-0117 — Reforming Stock Trading Mechanisms to Align with the Securities Market Law
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2024-0117 to reform regulations governing electronic rounds and serialized auctions for trading public and private sector securities. The resolution aligns these mechanisms with the Securities Market Law to enhance transparency, agility, and efficiency while updating definitions and operational rules for market participants. Key changes include mandating a 15-minute advance notice for commercial paper placements and establishing precise definitions for bidding processes, price ranges, and matching methodologies.
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