Regulatory Alerts2024-01-01 | JPRM-2024-024-AResolution JPRM-2024-024-A Reforming the Regulations of the Audit Committee of the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2024-024-A to reform the Regulations of the Audit Committee of the Central Bank of Ecuador. The resolution modifies Article 4 to allow a member of the Board to serve on the Audit Committee and updates related articles regarding member duration, eligibility requirements, termination causes, and leadership roles. These changes aim to enhance the committee's composition and operational framework while maintaining strict conflict of interest and ethical standards.
Share