Regulatory Alerts2022-01-01 | JPRF-F-2022-013Resolution JPRF-F-2022-013 Amending Resolution JPRF-F-2021-008 Regarding Operations Unpaid at 61 Days
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2022-013 to correct clerical errors in Resolution JPRF-F-2021-008 concerning risk asset classification and provisions. The amendment modifies the Nineteenth Transitory Provision to require the transfer of unpaid credit operations to overdue accounts at 61 days past maturity. Additionally, it corrects the Seventeenth Transitory Provision to establish that generic provisions must be calculated based on the gross portfolio as of December 2020.
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