Regulatory Alerts2023-01-01 | JPRF-V-2023-083Resolution JPRF-V-2023-083 Reforming Title VIII 'Securities Houses' of the Codification of Monetary, Financial, Securities and Insurance Resolutions
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-V-2023-083 to reform regulations governing securities houses, aligning secondary rules with the Securities Market Law and eliminating duplicated provisions. The resolution mandates updated requirements for portfolio administration reporting, establishes detailed obligations for record-keeping and client information, and standardizes the formats for commercial commission contracts and trading orders. These changes aim to enhance operational efficiency, transparency, and consumer protection within Ecuador's securities market.
Share