Regulatory Alerts2021-01-01 | JPRF-F-2021-009JPRF-F-2021-009 — Reforming the Deadline for Submission of Public Banking Budget Proformas for JPRF Approval
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-F-2021-009 to extend the submission deadline for 2022 budget proformas from public financial entities due to institutional mergers and administrative delays. The resolution modifies the previous deadlines established in Resolution JPRF-F-2021-003, moving the submission date to January 7, 2022, and the final approval date to January 17, 2022. This adjustment accommodates requests from entities such as the National Corporation of Popular and Solidarity Finance (CONAFIPS) and the Bank of the Ecuadorian Social Security Institute (BIESS) amidst the ongoing merger process to form the Economic Development Bank of Ecuador.
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