Regulatory Alerts2022-01-01 | JPRM-2022-009-MJPRM-2022-009-M — Central Bank of Ecuador Operations Policy
The Monetary and Financial Policy Board of Ecuador issued Resolution JPRM-2022-009-M to establish the Central Bank of Ecuador's Operations Policy, regulating foreign trade operations via the ALADI and SUCRE systems. The resolution mandates that authorized private financial institutions conduct due diligence and maintain sufficient funds in their Central Bank accounts to process ALADI transactions, while requiring the Central Bank to secure the technological integrity of the SUCRE system. This policy supersedes previous regulations from the former Monetary and Financial Policy Board, except for sections pertaining to the Financial Policy Board's jurisdiction.
Share