Regulatory Alerts2022-01-01 | JPRF-G-2022-018Resolution No. JPRF-G-2022-018 — Does Not Approve the BIESS Budget
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-G-2022-018 to formally reject the 2022 budget proposal submitted by the Bank of the Ecuadorian Social Security Institute (BIESS). The Board mandates that BIESS must either resubmit a revised budget draft strictly adhering to the JPRF's established guidelines or provide comprehensive documentary evidence justifying any deviations based on necessity and cost-benefit analysis. This decision takes effect immediately upon issuance and requires publication on the Board's official website within two days.
Share