Regulatory Alerts2025-01-01 | JPRF-F-2025-0140JPRF-F-2025-0140 — Reforms to the Standard for the Strengthening of Savings and Credit Cooperatives and Mutual Savings and Credit Associations for Housing
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2025-0140 to amend the regulatory framework for savings and credit cooperatives and mutual housing associations. The resolution mandates that entities may require members to contribute up to 3% of disbursed credit amounts to the Indivisible Legal Reserve Fund, with the Superintendence empowered to make this mandatory based on risk analysis. These contributions are excluded from effective interest rate calculations and apply only to original loans, not restructured or refinanced operations.
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