Regulatory Alerts2023-01-01 | JPRM-2023-016-AResolution JPRM-2023-016-A: Reforming the Operating Regulations of the Monetary Policy and Regulation Board
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2023-016-A to amend its Operating Regulations to enhance regulatory quality and citizen participation. The resolution mandates a public consultation process for monetary and regulatory policy projects, requiring a minimum seven-day and maximum thirty-day window for public input. It establishes administrative procedures for receiving and evaluating these contributions, noting that while the Board is not bound by them, it must assess their technical and legal viability.
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