Regulatory Alerts2022-01-01 | JPRF-V-2022-040Resolution JPRF-V-2022-040: Reform of Book II "Securities Market" of the Codification of Monetary, Financial, Securities and Insurance Resolutions regarding corrective and remedial measures
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2022-040 to formally incorporate corrective and remedial measures into the regulatory framework for the securities market. This resolution defines these measures as administrative orders issued by the Superintendency of Companies, Securities and Insurance to prevent, suspend, or correct irregular conduct, explicitly distinguishing them from punitive sanctions. It establishes the legal basis, application principles, specific types of measures, and compliance verification procedures to ensure market stability and investor protection.
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