JPRF-A-2024-0103 — Ratifies Acceptance of Resignation of the Technical Secretariat and Assigns the Position

Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas, Government Financial Management Platform. Red Block, 8th floor | Postal Code: 170507 | Quito - Ecuador | Resolution No. JPRF-A-2024-0103 FINANCIAL POLICY AND REGULATION BOARD CONSIDERING: That, Article 226 of the Fundamental Norm stipulates that state institutions, their agencies, dependencies, public servants, and persons acting under state authority shall only exercise the competencies and powers attributed to them in the Constitution and the law; That, Article 13 of the Organic Monetary and Financial Code, Book I, reformed by the Organic Law Reforming the Organic Monetary and Financial Code for the Defense of Dollarization, created the Financial Policy and Regulation Board, part of the Executive Branch, as a public law legal entity with administrative, financial, and operational autonomy, responsible for formulating credit, financial, securities, insurance, and prepaid comprehensive health care services policy and regulation; and establishes that the Board shall be composed of three full-time members; That, Article 14.1 ibid prescribes that, to perform its functions, the Financial Policy and Regulation Board must comply with certain duties and exercise specific powers; among which are those indicated in numbers 22 and 25, namely: appoint the Technical Secretary of the Financial Policy and Regulation Board; and apply the provisions of the Organic Monetary and Financial Code and resolve cases not provided for therein, within its competence; That, Article 25 of the Organic Monetary and Financial Code, Book I, establishes that the holder of the Technical Secretary position of the Financial Policy and Regulation Board must hold at least a third-level degree in economics, law, auditing, finance, or administration; and have specific experience of at least five years in financial, insurance, or securities market matters; That, Article 127 of the Organic Law of Public Service establishes that the assignment of a vacant position proceeds by legal provision or written order of a competent authority, in which the public servant assumes the exercise of a managerial position located or not in the highest hierarchical level scale; That, Article 271 of the General Regulation to the Organic Law of Public Service determines that the assignment to a vacant position shall proceed when the career or non-career servant must assume the competencies and responsibilities of a managerial position located or not in the Highest Hierarchical Level Scale, and meets the requirements established in the Generic and Institutional Position Classification Manuals, for which and by exception, in cases where the attributions, functions, and responsibilities of the position to be assigned must legitimize and legalize administrative acts inherent to said position, provided that the servant meets the requirements of the position to be assigned;

Resolution No. JPRF-A-2024-0103 Page 2 of 3

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Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas, Government Financial Management Platform. Red Block, 8th floor | Postal Code: 170507 | Quito - Ecuador | That, by unnumbered Resolution of November 22, 2021, validated by Resolution No. JPRF-A-2021-006 of December 30, 2021, the collegiate body of the Financial Policy and Regulation Board resolved to appoint Master Nelly del Pilar Arias Zavala to perform the functions of Technical Secretary of the Institution; That, by Memorandum No. JPRF-ST-2024-0024-M of March 01, 2024, Master Nelly del Pilar Arias Zavala submitted her resignation from the position of Technical Secretary of the Institution to the President of the Financial Policy and Regulation Board; That, in a staff meeting on March 04, 2024, the President of the Institution brought the aforementioned Memorandum No. JPRF-ST-2024-0024-M of March 01, 2024, to the attention of the members of the Financial Policy and Regulation Board, and the collegiate body decided to authorize the resignation of Master Nelly del Pilar Arias Zavala from the position of Technical Secretary of the Board, effective March 16, 2024, as well as the corresponding separation process. Consequently, through Memorandum No. JPRF-JPRF-2024-0021-M of March 07, 2024, the President of the Financial Policy and Regulation Board communicated these details to Master Nelly del Pilar Arias Zavala and detailed the necessary documentation to be submitted as part of the separation process; That, the Technical Secretariat of the Financial Policy and Regulation Board, through Memorandum No. JPRF-ST-2024-0037-M of March 13, 2024, forwarded to the President of the Board the Legal Opinion No. JPRF-CJF-2024-014 of March 13, 2024, issued by the Legal Coordination of Financial Policy and Standards of this Board; That, the Financial Policy and Regulation Board, in an extraordinary session held via technological means, convened on March 13, 2024, on March 14, 2024, reviewed Memorandum No. JPRF-ST-2024-0037-M of March 13, 2024, issued by the Technical Secretariat of the Board; as well as the aforementioned Legal Opinion No. JPRF-CJF-2024-014, in addition to the corresponding draft resolution; That, the Financial Policy and Regulation Board, in an extraordinary session held via technological means, convened on March 13, 2024, on March 14, 2024, reviewed and approved the following Resolution; and, In exercise of its functions, RESOLVES: ARTICLE ONE.- Ratify the content of Memorandum No. JPRF-JPRF-2024-0021-M of March 07, 2024, signed by the President of the Financial Policy and Regulation Board, addressed to Master Nelly del Pilar Arias Zavala.

Resolution No. JPRF-A-2024-0103 Page 3 of 3

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Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas, Government Financial Management Platform. Red Block, 8th floor | Postal Code: 170507 | Quito - Ecuador | ARTICLE TWO.- Assign to Master Luis Alfredo Olivares Murillo, who meets the requirements established in Article 25 of the Organic Monetary and Financial Code, Book I, the position of Technical Secretary of the Financial Policy and Regulation Board, effective March 16, 2024, until the new holder of the position is appointed by the collegiate body of this Board. SINGLE GENERAL PROVISION.- The Financial Administrative Directorate of the Financial Policy and Regulation Board shall carry out all necessary administrative actions related to the assignment of the Technical Secretary position of this Board; and, it is further ordered to immediately initiate the selection process for the new Technical Secretary of the Institution. FINAL PROVISION.- This Resolution shall enter into force as of the present date, without prejudice to its publication in the Official Register, and shall be published on the institutional website of the Financial Policy and Regulation Board within a maximum of two days from its issuance. COMMUNICATE.- Given in the Metropolitan District of Quito, on March 14, 2024. THE PRESIDENT, Master María Paulina Vela Zambrano Master María Paulina Vela Zambrano, President of the Financial Policy and Regulation Board, reviewed and signed the foregoing Resolution in the Metropolitan District of Quito, on March 14, 2024.- I CERTIFY. TECHNICAL SECRETARY, Master Nelly Arias Zavala