Resolution JPRFM-2025-002-G Approving the Reform Project to the Organic Statute of Organizational Management by Processes of the Central Bank of Ecuador

Financial and Monetary Policy and Regulation Board RESOLUTION No. JPRFM-2025-002-G THE FINANCIAL AND MONETARY POLICY AND REGULATION BOARD CONSIDERING: That, the Constitution of the Republic of Ecuador, in its article 226, prescribes that public servants and persons acting by virtue of a state power shall exercise only the competencies and faculties attributed to them in the Constitution and the Law; That, article 227 ibid states that Public Administration constitutes a service to the community governed by the principles of efficiency, quality, hierarchy, coordination, planning, among others; That, article 302 of the Magna Carta provides: "Monetary, credit, exchange, and financial policies shall have as objectives:

1. Supply the necessary means of payment so that the economic system operates efficiently.
2. Establish levels of global liquidity that guarantee adequate margins of financial security.
3. Orient liquidity surpluses toward the investment required for the country's development. (…)"; That, article 303 ibid determines: "(…) The formulation of monetary, credit, exchange, and financial policies is the exclusive faculty of the Executive Branch and shall be implemented through the Central Bank. The law shall regulate the circulation of currency with liberatory power in Ecuadorian territory. The execution of credit and financial policy shall also be exercised through public banking. The Central Bank is a legal entity of public law, whose organization and functioning shall be established by law"; That, the Organic Law of Public Integrity, published in the Third Supplement of the Official Register No. 68, of June 26, 2025, issued several reforms to the Organic Monetary and Financial Code, regarding the nature of the Central Bank of Ecuador, its governing body, attributions, and competencies; That, the aforementioned Law reformed the Organic Law of Public Service, establishing principally that the Human Talent Administration Units shall be responsible for initiating, processing, and resolving administrative proceedings; That, article 13 of the Organic Monetary and Financial Code, Book I, provides: "The Financial and Monetary Policy and Regulation Board is created, part of the Executive Branch, as a legal entity of Public Law, with administrative, financial, and operational autonomy, responsible for the formulation of monetary, credit, financial, securities, insurance, and prepaid comprehensive health services policy and regulation. The Financial and Monetary Policy and Regulation Board shall be the highest governing body of the Central Bank of Ecuador"; That, numeral 15 of article 14.2 of the Organic Monetary and Financial Code, Book I, among other functions of the Financial and Monetary Policy and Regulation Board, establishes: "15. Approve the Statute of the Central Bank of Ecuador, and define the regulatory framework for contracting, promotions, and the exercise of disciplinary control of the servants of the Central Bank of Ecuador"; That, article 25 of the Organic Monetary and Financial Code, Book I, states: "The Technical Secretariat of the Financial and Monetary Policy and Regulation Board shall be exercised by the Central Bank of Ecuador"; That, in article 25.1 of the same legal body, the functions of the Technical Secretariat of the Financial and Monetary Policy and Regulation Board are determined; That, article 26 of the Organic Monetary and Financial Code, Book I, provides: "The Central Bank of Ecuador is a legal entity of Public Law, part of the Executive Branch, of indefinite duration, with institutional, administrative, budgetary, and technical autonomy. The Central Bank of Ecuador does not perform functions of public banking. The Central Bank of Ecuador in the exercise of its functions and attributions shall be governed by the Constitution of the Republic, this Code, its statute, the regulations issued by the governing body, the internal regulations, and the other laws applicable by reason of the matter (…)"; That, article 27.1 ibid states: "In the achievement of its objectives and the performance of its functions, the Central Bank of Ecuador shall be an autonomous and responsible entity as provided in this Code and the Constitution of the Republic, without prejudice to its duty to coordinate necessary actions with other State organisms for the fulfillment of its ends. At all times, the institutional autonomy of the Central Bank of Ecuador shall be respected and its decisions shall respond to exclusively technical motivations, which lead to the fulfillment of its functions and attributions (…)"; That, article 47 of the Organic Monetary and Financial Code, Book I, indicates that the structure of the Central Bank of Ecuador shall be established in the statute approved by the Financial and Monetary Policy and Regulation Board and must be processed in accordance with what is established in the regulations of the competent governing entity; That, the Fourth Transitory Provision of the Organic Law for the Strengthening of Protected Areas establishes that, until September 20, 2025, the Central Bank of Ecuador shall present for approval by the Financial and Monetary Policy and Regulation Board, the proposal for reform to the statute, for which it shall coordinate, if necessary, with the Ministry of Labor; That, the Eleventh Transitory Provision of the General Regulation to the Organic Law of Public Integrity establishes: "Until September 20, 2025, the Financial and Monetary Policy and Regulation Board shall review and approve the project for reform to the Organic Statute of Organizational Management by Processes of the Central Bank of Ecuador, as well as the institutional management instruments, in which the denominations of units, attributions, responsibilities, and products corresponding to the competencies assigned to the Central Bank of Ecuador as Technical Secretariat of the Financial and Monetary Policy and Regulation Board will be updated, which shall be sent by the Central Bank of Ecuador to the Ministry of Labor"; That, by Resolution No. JPRM-2025-007-G of July 16, 2025, the former Board of Monetary and Financial Policy and Regulation issued the "Codification of Governance Resolutions of the Board of Monetary and Financial Policy and Regulation and of the Central Bank of Ecuador", which includes Section 1 "Organic Statute of Organizational Management by Processes of the Central Bank of Ecuador", from Chapter I "Government of the Central Bank of Ecuador", of Title II "Government Policies of the Central Bank of Ecuador". That, by Letter No. T.233-SGJ-25-098 of September 5, 2025, signed by the Constitutional President of the Republic, addressed to the President of the National Assembly, the list of candidates for the designation of the Members of the Financial and Monetary Policy and Regulation Board was sent; as well as, the temporality of their stay within the initial period; That, the National Assembly, by Act of Possession of September 16, 2025, in compliance with what is provided in article 13 of the Organic Monetary and Financial Code, Book I, swore in Master Gustavo Estuardo Camacho Dávila, specialist Silvia Daniela Moya Arteta, Master Roberto Javier Basantes Romero, Master María Isabel Camacho Cárdenas, and PhD Jeniffer Nathaly Rubio Abril; That, by Resolution No. JPRFM-2025-001-A of September 17, 2025, the collegiate body of the Financial and Monetary Policy and Regulation Board resolved to elect among its Members Master Gustavo Estuardo Camacho Dávila, President; and Master María Isabel Camacho Cárdenas, Substitute President, for a period of two (2) years; That, the Members of the Financial and Monetary Policy and Regulation Board, with voice and vote, in an ordinary session convened on September 19, 2025, and carried out via mixed modality, in person and by technological means on September 22, 2025, designated specialist Daniela Moya Arteta as Ad hoc Secretary to act in the referred session; That, the Financial and Monetary Policy and Regulation Board, in an ordinary session convened on September 19, 2025, and carried out via mixed modality, in person and by technological means on September 22, 2025, reviewed the proposal sent by the General Manager of the Central Bank of Ecuador, by Letter No. BCE-BCE-2025-0147-OF of September 19, 2025, to the President of the Financial and Monetary Policy and Regulation Board; as well as, Technical Report No. BCE-SATH-2025-446 and Legal Report No. BCE-GJ-041-2025, both of September 18, 2025, and the corresponding draft resolution; That, the Financial and Monetary Policy and Regulation Board, in an ordinary session convened on September 19, 2025, and carried out via mixed modality, in person and by technological means on September 22, 2025, reviewed and approved the following Resolution; and, In exercise of its functions and in attention to what is provided in article 21 of the Organic Monetary and Financial Code, Book I, the Financial and Monetary Policy and Regulation Board, RESOLVES: Article 1.- Approve the project for reform to the Organic Statute of Organizational Management by Processes of the Central Bank of Ecuador, contained in Section 1, of Chapter I "Government of the Central Bank of Ecuador", of Title II "Government Policies of the Central Bank of Ecuador" of Resolution No. JPRM-2025-007-G, of July 16, 2025, which contains the "Codification of Governance Resolutions of the Board of Monetary and Financial Policy and Regulation and of the Central Bank of Ecuador". Article 2.- Order the General Manager of the Central Bank of Ecuador to send the project for reform to the Organic Statute of Organizational Management by Processes of the Central Bank of Ecuador, attached to this Resolution, to the Ministry of Labor for validation and approval.

Financial and Monetary Policy and Regulation Board Resolution No. JPRFM-2025-002-G Page 4 of 4

GENERAL PROVISION ONLY.- Once the Ministry of Labor approves the modifications incorporated in the Organic Statute of Organizational Management by Processes and other institutional management instruments of the Central Bank of Ecuador, the same shall remit it to this Board, with the draft resolution for its approval and issuance. FINAL PROVISION.- This Resolution shall enter into force from the present date, without prejudice to its publication in the Official Register. Entrust its publication to the website of the Central Bank of Ecuador, to the General Secretariat of the Central Bank of Ecuador. COMMUNICATE.- Given in the Metropolitan District of Quito, on September 22, 2025. THE PRESIDENT, Master Gustavo Camacho Dávila The aforementioned resolution was signed by Master Gustavo Camacho Dávila, President of the Financial and Monetary Policy and Regulation Board, in the Metropolitan District of Quito, on September 22, 2025.- I CERTIFY. AD HOC SECRETARY, Specialist Daniela Moya Arteta