Regulatory Alerts2022-01-01 | JPRM-2022-004-MJPRM-2022-004-M — Public Sector Deposit Rules
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2022-004-M to regulate public sector deposits and financial investments, establishing strict requirements for non-financial public entities to maintain funds in Central Bank accounts. The resolution mandates the use of correspondent financial institutions for revenue collection via collector accounts, with mandatory daily transfers to the Central Bank and prohibitions on unauthorized account types. It further standardizes interbank payment systems for public obligations, sets limits for revolving fund accounts, and defines operational procedures for financial investments and electronic payment channels.
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