JPRF-A-2024-0121 — Appointment of Technical Secretary of the JPRF

Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas, Governmental Financial Management Platform. Red Block, 8th floor | Postal Code: 170507 | Quito - Ecuador | Resolution No. JPRF-A-2024-0121 THE 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 by virtue of state authority shall exercise only 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 following the promulgation of the Organic Reformative Law to the Organic Monetary and Financial Code for the Defense of Dollarization, created the Financial Policy and Regulation Board, part of the Executive Function, as a public law legal entity, with administrative, financial, and operational autonomy, responsible for the formulation of credit, financial, securities, insurance, and prepaid comprehensive health care services policy and regulation; and establishes that the Financial Policy and Regulation Board shall be composed of three full-time members; That, Article 14.1 ibid prescribes that, for the performance of its functions, the Financial Policy and Regulation Board must fulfill certain duties and exercise certain powers; among which is that indicated in number 22, which is to appoint the Technical Secretary of the Financial Policy and Regulation Board; That, Article 25 of the Organic Monetary and Financial Code, Book I, establishes that whoever occupies the position of Technical Secretary of the Financial Policy and Regulation Board must have, at least, a third-level degree in economics, law, auditing, finance, administration; and specific experience of at least five years in financial, insurance, or securities market matters; That, through Resolution No. JPRF-A-2024-0103 of March 14, 2024, the Financial Policy and Regulation Board resolved to entrust Master Luis Alfredo Olivares Murillo with the position of Technical Secretary of the Institution, meeting the requirements established in Article 25 of the Organic Monetary and Financial Code, Book I; the entrustment to be carried out from March 16, 2024, and until the new holder of the position is appointed by the collegiate body of this Board; That, the Financial Administrative Directorate of the Financial Policy and Regulation Board, with Memorandum No. JPRF-DAF-2024-0168-M of September 13, 2024, sends to the President of the Board the Technical Report No. JPRF-UATH-2024-046 of September 13, 2024, issued by the Human Talent Administration Unit of this Board, which concludes that “The Financial Administrative Directorate, through the Human Talent Administration Unit, once it has carried out the respective technical analysis, issues a favorable report, as an eligible candidate for the tenure of the position of Technical Secretary to Master Luis Alfredo Olivares, in order to put it for consideration of the members of the Financial Policy and Regulation Board.”; That, the Acting Technical Secretary of the Financial Policy and Regulation Board, through Memorandum No. JPRF-ST-2024-0086-M of September 13, 2024, sends to the President of the Board the Legal Report No. JPRF-CJF-2024-044 of September 13, 2024, issued by the Legal Coordination of Financial Policy and Norms of this Board, which concludes that the collegiate body of the Financial Policy and Regulation Board is competent to appoint the Technical Secretary of the Institution, as well as the respective draft resolution; That, the Financial Policy and Regulation Board, in an ordinary session held by technological means, convened on September 11, 2024, as well as its reach dated September 13, 2024, and carried out via email on September 16, 2024, reviewed the Memorandum No. JPRF-DAF-2024-0168-M of September 13, 2024, issued by the Financial Administrative Directorate of the Board, as well as the aforementioned Technical Report No. JPRF-UATH-2024-046; and, in addition, the Memorandum No. JPRF-ST-2024-0086-M of September 13, 2024, issued by the Acting Technical Secretary of the Board; as well as the aforementioned Legal Report No. JPRF-CJF-2024-044, along with the corresponding draft resolution;

Resolution No. JPRF-A-2024-0121 Page 2 of 2

Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas, Governmental Financial Management Platform. Red Block, 8th floor | Postal Code: 170507 | Quito - Ecuador | That, the Financial Policy and Regulation Board, in an ordinary session held by technological means, convened on September 11, 2024, as well as its reach dated September 13, 2024, and carried out via email on September 16, 2024, reviewed and approved the following Resolution; and, In exercise of its functions, RESOLVES: ARTICLE FIRST.- To declare terminated the entrustment to Master Luis Alfredo Olivares Murillo of the position of Technical Secretary of the Institution, resolved through Resolution No. JPRF-A-2024-0103 of March 14, 2024. ARTICLE SECOND.- To appoint Master Luis Alfredo Olivares Murillo, who meets the requirements established in Article 25 of the Organic Monetary and Financial Code, Book I, to perform the position of Technical Secretary of the Financial Policy and Regulation Board; position to be assumed from September 17, 2024. SINGLE GENERAL PROVISION.- It is ordered to the Financial Administrative Directorate of the Financial Policy and Regulation Board to carry out all necessary administrative acts to execute and make effective what resolved in this Resolution. FINAL PROVISION.- This Resolution will enter into force from this date, without prejudice to its publication in the Official Register, and will be published on the institutional website of the Financial Policy and Regulation Board within a maximum term of two days from its issuance. NOTIFY.- Given in the Metropolitan District of Quito, on September 16, 2024. THE PRESIDENT, Master María Paulina Vela Zambrano Master María Paulina Vela Zambrano, President of the Financial Policy and Regulation Board, processed and signed the preceding Resolution in the Metropolitan District of Quito, on September 16, 2024.- I CERTIFY. ACTING TECHNICAL SECRETARY Master Luis Alfredo Olivares Murillo