RESOLUTION No. JPRFM-2026-030-A

THE BOARD OF FINANCIAL AND MONETARY POLICY AND REGULATION

CONSIDERING:

That, the Constitution of the Republic of Ecuador, in its Article 226, prescribes that public servants and persons acting by virtue of state authority shall exercise only the competencies and powers attributed to them in the Constitution and the Law;

That, Article 227 of the same instrument states that Public Administration constitutes a service to the community governed by the principles of effectiveness, quality, hierarchy, coordination, planning, among others;

That, the first paragraph of Article 303 of the constitutional norm determines that the formulation of monetary, credit, exchange, and financial policies is the exclusive faculty of the Executive Branch and shall be implemented through the Central Bank of Ecuador;

That, on October 13, 2025, the Organic Law Reforming the Organic Monetary and Financial Code was published in the Sixth Supplement of Official Registry No. 142;

That, Article 13 of the Organic Monetary and Financial Code creates the Board of Financial and Monetary Policy and Regulation, part of the Executive Branch, as an entity with functional, technical, and institutional autonomy, and in its decisions, responsible for the formulation of monetary, credit, financial, securities, insurance, and prepaid comprehensive health care services policy and regulation. The Board of Financial and Monetary Policy and Regulation shall be the highest governing body of the Central Bank of Ecuador;

That, Article 17 of the aforementioned Code, in its pertinent part, determines that: "(...) To fulfill these functions, the Board shall issue regulations in matters within its competence, without altering legal provisions. The Board of Financial and Monetary Policy and Regulation may issue regulations by segments, economic activities, and other criteria. It may even reform or repeal regulations from the former Board of Monetary Policy and Regulation, the Board of Financial Policy and Regulation, or the Board of Monetary and Financial Policy and Regulation.

All regulations and policies issued by the Board of Financial and Monetary Policy and Regulation in the exercise of its functions, duties, and powers must be supported by duly substantiated technical and legal reports (...)";

That, numeral 15 of Article 19 of the same Code, regarding the specific functions of the Board in the monetary field, among others, establishes: "15. Approve the Statute of the Central Bank of Ecuador, and define the regulatory framework for hiring, promotions, and the exercise of disciplinary control over the staff of the Central Bank (...)";

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That, Article 25.2 of the same instrument states: "The Technical Secretariat of the Board of Financial and Monetary Policy and Regulation shall be exercised by the Central Bank of Ecuador (...)";

That, in Article 25.3 of the same legal body, the functions of the Technical Secretariat of the Board of Financial and Monetary Policy and Regulation are determined;

That, Article 26 supra provides that: "The Central Bank of Ecuador is a public law legal entity, part of the Executive Branch, of indefinite duration, with institutional, administrative, budgetary, and technical autonomy. The Central Bank of Ecuador does not perform public banking functions.

The Central Bank of Ecuador, in the exercise of its functions and attributes, shall be governed by the Constitution of the Republic, this Code, its statute, the regulations issued by the governing body, internal regulations, and other applicable laws regarding the matter (...)";

That, Article 27.1 of the Organic Monetary and Financial Code states: "In achieving its objectives and performing its functions, the Central Bank of Ecuador shall be an autonomous and responsible entity as provided in this Code and the Constitution of the Republic, without prejudice to its duty to coordinate necessary actions with other State organisms to fulfill its purposes.

At all times, the institutional autonomy of the Central Bank of Ecuador shall be respected, and its decisions shall respond to exclusively technical motivations, which lead to the fulfillment of its functions and attributes";

That, Article 47 of the same instrument indicates that: "The administrative structure of the Central Bank of Ecuador shall be established in the statute approved by the Board of Monetary Policy and Regulation. The statute shall be processed in accordance with the provisions established in the regulations of the competent governing entity";

That, the Twenty-Ninth General Provision of the same instrument states: "In existing legislation where mention is made, indistinctly, of the Board of Monetary and Financial Policy and Regulation, the Board of Monetary Policy and Regulation; or, the Board of Financial Policy and Regulation, replace and understand as 'Board of Financial and Monetary Policy and Regulation'";

That, through Resolution No. JPRM-2025-007-G, of July 16, 2025, the former Board of Monetary Policy and Regulation issued the "Codification of Governance Resolutions of the Board of Monetary Policy and Regulation and the Central Bank of Ecuador", which includes Section 1 "Organic Statute of Process-Based Organizational Management of the Central Bank of Ecuador", of Chapter I "Governance of the Central Bank of Ecuador", of Title II "Governance Policies of the Central Bank of Ecuador";

That, the First Transitional Provision of the Organic Law Reforming the Organic Monetary and Financial Code determines that the members of the Board of Financial and Monetary Policy and Regulation, sworn in on September 16, 2025, by the National Assembly, will continue to exercise their functions for the periods for which they were designated and will maintain their labor continuity and acquired rights;

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That, through Official Letter No. T.233-SGJ-25-098, of September 5, 2025, signed by the Constitutional President of the Republic, addressed to the President of the National Assembly, the list of candidates for the designation of the Members of the Board of Financial and Monetary Policy Regulation was sent; as well as, the temporality of their stay within the initial period;

That, the Plenary of the National Assembly, on September 16, 2025, designated and swore in the members of the Board of Financial and Monetary Policy and Regulation, in the persons of: Gustavo Estuardo Camacho Dávila; Silvia Daniela Moya Arteta; Roberto Javier Basantes Romero; and; María Isabel Camacho Cárdenas;

That, through Resolution No. JPRFM-2025-010-G, of November 27, 2025, the Board of Financial and Monetary Policy and Regulation approved the reform project to the Organic Statute of Process-Based Organizational Management of the Central Bank of Ecuador and ordered its transmission to the Ministry of Labor for the corresponding validation process;

That, during the development of the institutional reform process, new organizational needs were identified that motivated the update of the proposal for the redesign of the organizational structure and the project for the reform of the Organic Statute of Process-Based Organizational Management of the Central Bank of Ecuador, with respect to the project considered through Resolution No. JPRFM-2025-010-G, of November 27, 2025;

That, the Board of Financial and Monetary Policy and Regulation, through extraordinary session No. 015-2026, under electronic (asynchronous) modality, on June 22, 2026, reviewed the proposal sent via Memorandum No. BCE-BCE-2026-0269-M, of June 18, 2026, by the General Manager of the Central Bank of Ecuador to the President of the Board of Financial and Monetary Policy and Regulation; as well as, Technical Report No. BCE-SATH-311-2026, of June 18, 2026, and Legal Report No. BCE-GJ-072-2026, of June 18, 2026; and,

In exercise of its functions and in attention to Article 24 of the Organic Monetary and Financial Code, the Board of Financial and Monetary Policy and Regulation,

RESOLVES:

Article 1.- Review the project for the redesign of the organizational structure and reform of the Organic Statute of Process-Based Organizational Management of the Central Bank of Ecuador, in accordance with Technical Report No. BCE-SATH-311-2026, of June 18, 2026, presented by the Sub-Manager of Human Talent Administration of the Central Bank of Ecuador.

Article 2.- Order the General Manager of the Central Bank of Ecuador to continue with the necessary management and actions before the competent ministerial authority, regarding the proposal for reform of the Organic Statute of Process-Based Organizational Management of the

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Central Bank of Ecuador, in order that, once the corresponding procedure is completed, the proposal be submitted for consideration to the Board of Financial and Monetary Policy and Regulation.

SINGLE REPEALING PROVISION.- Repeal Resolution No. JPRFM-2025-010-G, of November 27, 2025, since the proposal for the redesign of the organizational structure and reform of the Organic Statute of Process-Based Organizational Management of the Central Bank of Ecuador has been updated during the development of the corresponding institutional process.

FINAL PROVISION.- This resolution shall enter into force from its issuance, without prejudice to its publication in the Official Registry.

The General Secretariat of the Central Bank of Ecuador is entrusted with its publication on the institutional website.

NOTIFY AND PUBLISH.- Given in the city of Quito D.M., on June 22, 2026.

THE PRESIDENT

Mgs. Gustavo Estuardo Camacho Dávila

The aforementioned resolution was processed and signed by Master Gustavo Estuardo Camacho Dávila - President of the Board of Financial and Monetary Policy and Regulation, in the city of Quito D.M., on June 22, 2026.- I CERTIFY.

TECHNICAL SECRETARIAT

Abg. Ninoska Geovanna Ceballos Pin