Regulatory Alerts2021-01-01 | JPRM-2021-006-AResolution No. JPRM-2021-006-A — Regulations of the Audit Committee of the Central Bank of Ecuador
The Monetary and Financial Policy Board issued Resolution No. JPRM-2021-006-A to establish the regulatory framework for the Audit Committee of the Central Bank of Ecuador. The resolution defines the committee's composition, strict eligibility requirements, and four-year tenure, while outlining its advisory role in overseeing financial reporting, internal and external audits, and risk management. It further details the specific functions of the committee, the president, and the secretary, as well as the procedures for convening sessions and terminating member appointments.
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