Regulatory Alerts2025-01-01 | JPRM-2025-008-GResolution No. JPRM-2025-008-G: Reforming Section 2 on the Hiring of External Auditors of the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution No. JPRM-2025-008-G to amend the governance codification regarding the hiring of external auditors for the Central Bank of Ecuador. The resolution restricts auditor tenure by limiting re-selection to two consecutive periods and establishes a detailed special procurement procedure involving the Audit Committee and specific evaluation matrices. It also introduces new conflict-of-interest provisions and mandates that the selected auditor be contracted by August 15 of the audit year.
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