Regulatory Alerts2023-01-01 | JPRF-F-2023-081Resolution No. JPRF-F-2023-081: Extension of Default Classification for Productive Credit Debtors Under US$ 100,000 Until January 31, 2024
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-F-2023-081 to extend the transitional period for classifying productive credit debtors with balances under US$ 100,000 by default or internal models until January 31, 2024. This extension replaces the previous deadline and allows the regulatory body to evaluate the results of these classification methods before implementing a permanent threshold. The resolution formally repeals the second general provision of Resolution No. JPRF-F-2023-061 and updates the relevant transitional provisions in the Codification of Monetary, Financial, Securities, and Insurance Resolutions.
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