Regulatory Alerts2022-04-25 | JPRF-F-2022-027Added · Updated
Resolution No. JPRF-F-2022-027 — Reforming the Extraordinary Merger Process for Entities of the Popular and Solidarity Financial Sector
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-F-2022-027 to amend the regulatory framework governing extraordinary mergers within the Popular and Solidarity Financial Sector. The resolution updates Article 2 of the relevant Codification to align the condition for such mergers with the current Organic Code of Monetary and Financial Law, specifically referencing technical equity deficiencies not covered within a three-month period. This change ensures that the JPRF's regulations remain consistent with recent legislative reforms regarding financial solvency and capital requirements.
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