Regulatory Alerts2015-05-27 | JB-2015-3441Added · Updated
Resolution No. JB-2015-3441 of the Banking Board
The Banking Board of Ecuador issued Resolution No. JB-2015-3441 to reject the administrative review appeal filed by María del Carmen Quevedo Tobar, the legal representative of ASOPREP-FCPC. The Board confirmed a personal fine of US$ 3,500 imposed by the National Social Security Intendancy for the entity's failure to submit a required report regarding compliance with Resolution No. SBS-2013-504. The decision upheld the validity of the notification process and dismissed arguments alleging violations of due process.
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