Regulatory Alerts2021-01-01 | JPRM-2021-004-MAdded · Updated
Regulation on the Registration of External Credits to the Private Sector
The Monetary and Regulatory Policy Board establishes the definition of external credits and mandates the Central Bank of Ecuador to register external credits with a term of 180 days or more, as well as their amortization payments. Borrowers must submit specific forms, proof of fund entry, customs declarations for imported goods, and a sworn statement to the Central Bank. The resolution derogates previous regulations on external credits to the private sector, grants tax authority access to the registration system, and enters into force immediately.
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