The Superintendence of Companies, Securities, and Insurance has opened, through its website, the registration and qualification for companies and entities’ compliance officers subject to comply with anti-money laundering provisions.
This procedure will be carried out using the legal representative’s account and according to the ninth digit of the company’s Taxpayers Registry (RUC), as follows:
Data uploading day | MONDAY | TUESDAY | WEDNESDAY | THURSDAY | FRIDAY |
Company’s Taxpayers Ninth digit Registry (RUC) | 1 y 2 | 3 y 4 | 5 y 6 | 7 y 8 | 9 y 0 |
Who are qualified as regulated entities?
In accordance with the provisions of the Organic Law for the Prevention, Detection and Eradication of Money Laundering and Financing of Crimes:
What are the implications if the upload is done incorrectly?
If the Superintendence of Companies, Securities, and Insurance finds, during the online registration and qualification process, that the compliance officer does not meet the established requirements, incurs in prohibitions, or has submitted documentation that has been altered or fraudulently manipulated, their designation will be revoked, and they will not have the possibility of being designated again.
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
The Superintendence of Companies, Values, and Insurances, on January 22, 2024, issued resolution No. SCVS-INAF-DNF-2024-003, which outlines the amounts that companies, and other entities under its supervision, are obliged to pay as contributions for the year 2024.
AMOUNT OF COMPANIES’ REAL ASSETS (IN US) | CONTRIBUTION PER THOUSAND ON ASSETS | ||
|---|---|---|---|
FROM |
| TO | |
0,01 | – | 75.000,00 | 0,00 |
75.000,01 | – | 100.000,00 | 0,71 |
100.000,01 | – | 1.000.000,00 | 0,76 |
1.000.000,01 | – | 20.000.000,00 | 0,82 |
20.000.000,01 | – | 500.000.000,00 | 0,88 |
500.000.000,01 | – | FORWARD | 0,94 |
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in CORPORATE, M&A
On January 17th, 2023, the Superintendence of Companies, Securities, and Insurance issued a release on the presentation of the financial statements, the most relevant content of which is detailed below:
a) As of January 20th, 2023, the institutional website will be available to report the financial statements and upload the corporate documents of the 2022 fiscal year.
b) The due date for the submission of the information is April 30th, 2023.
c) No extensions will be granted for the submission of financial and corporate information.
d) Deadlines breaches may be sanctioned with fines of 1 up to 12 statutory minimum wage (currently, from US$450 to US$5.450).
For more information do not hesitate to contact our Corporative Practice Partner, Álvaro Sevilla (asevilla@tzvs.ec).
© TobarZVS
This publication contains information of general interest and may not constitute a legal opinion on specific matters. Any particular analysis, shall require legal advice from the Firm.
By ZVS Tobar in CORPORATE, M&A , Featured
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in CORPORATE, M&A
We would like to remind you that since January 15, 2024, the website of the Superintendency of Companies, Securities, and Insurance has been enabled for companies to submit their financial statements and corporate documents corresponding to the fiscal year 2023.
The deadline for reporting this information is April 30, 2024. The regulatory authority has announced that no extensions will be granted for the submission of this information this year.We recommend submitting the information report on the specified dates to avoid fines and penalties.
We suggest submitting the information report before the deadline to avoid fines and penalties.
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in CORPORATE, M&A
