THE SUPERINTENDENCE OF COMPANIES IN ECUADOR: CURRENT STATUS AND PROSPECTS
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Abstract
Since September 14, 2015 in accordance with the transitional provisions of article 78 of the Organic Monetary Code, the agency controls and supervises the entire private insurance system in Ecuador; under the current name of Superintendency of Companies, Securities and Insurance. It is in charge of corporate and securities market activities in the country, among its main functions are adequate supervision and advice to the different market participants. With the aim of ensuring compliance with legal and regulatory standards aimed at protecting investors through adequate training and the effective dissemination of its products and services. Committed to serving its citizens, it is one of the leading public institutions in simplifying processes through technology. This work translates into greater operational efficiency, greater competitiveness and agility in approaching processes, which allows users to have a satisfactory process execution experience using the virtual platform.
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