Regulatory Alerts2024-01-01 | JPRF-V-2024-095JPRF-V-2024-095 — Incorporates a Transitional Provision in Chapter III "Intermediation and Negotiation", Title VIII "Securities Houses", Book II "Securities Market" of the Codification of Monetary, Financial, Securities and Insurance Resolutions
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2024-095 to incorporate a transitional provision into the regulatory codification for securities houses. This resolution mandates that securities houses must implement the new commercial commission contracts and negotiation order formats established in Resolution JPRF-V-2023-083 within a maximum period of three months from the entry into force of this resolution. The measure responds to a request by the Quito and Guayaquil Stock Exchanges to allow a ninety-day implementation period for these updated documentation standards.
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