Regulatory Alerts2022-01-01 | JPRF-G-2022-028JPRF-G-2022-028 — 90-Day Extension for the Completion of the Return Process of the Administration of Closed Supplementary Pension Funds to Their Participants
The Financial Policy and Regulation Board of Ecuador granted a 90-day extension for the transition of administration for Closed Supplementary Pension Funds (FCPC) to their participants. This decision follows a justified request from the Superintendency of Banks to safeguard pension resources and participants' rights during the handover process. The resolution, issued on May 17, 2022, modifies the original deadline established in Resolution JPRF-F-2021-005 to ensure a secure and orderly transfer of administrative control.
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