2025-01-01 | JPRF-F-2025-0163The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2025-0163 to replace Chapter VI of its Monetary, Financial, Securities, and Insurance Resolutions Codification with a new norm governing association agreements among National Financial System entities. This resolution establishes the definitions, prerequisites, and mandatory content for such agreements, requiring prior authorization from the Banking Superintendence or the Popular and Solidarity Economy Superintendence. It mandates that participating entities demonstrate financial stability, submit detailed feasibility studies, and adhere to strict operational and risk-sharing protocols to ensure regulatory compliance and systemic stability.