Regulatory Alerts2024-01-01 | JPRF-F-2024-0126JPRF-F-2024-0126 — Budget Management Standards for Entities of the Public Financial Sector
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2024-0126 to establish specific budget management standards for public financial sector entities for the 2025 fiscal year. The resolution mandates that public banks must submit their budget proposals to the Board within thirty days of the issuance of public finance directives, with a five-day window to correct any observations. This measure ensures compliance with constitutional principles of legal certainty and the Board's regulatory authority over the stability and transparency of the national financial system.
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