Regulatory Alerts2022-01-01 | JPRF-G-2022-020JPRF-G-2022-020 — Approves the 2022 Budget of the BIESS
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-G-2022-020 to formally approve the 2022 budget for the Ecuadorian Institute of Social Security Bank (BIESS). This approval follows a review process that included the rejection of an initial proposal and the subsequent submission of an adjusted budget by the BIESS General Management. The resolution mandates the immediate regularization of any prior budgetary movements and requires the BIESS to submit the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days.
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