Compilation of the Popular and Solidary Economy and Financial System Regulations


This document compiles all laws and regulations which oversee the operation of financial institutions within the 'Popular and Solidary Economy' (PSE). The 'Popular and Solidary Economy' is terminology used to refer to “a form of economic organization where individuals or collectives organize and develop processes of production, exchange, commercialization, financing and consumption of goods and services”. The Regulations contained in this compilation include: 

  1. Regulations for the Popular and Solidary Economy Regulator: This regulation establishes that all cooperatives must pay 5 percent of their revenue to the regulator, so as to sustain its proper operation. The regulation promotes the design of financial products targeted to the small and medium enterprises (MSE). 
  2. Regulations for the Ministry of Urban Development and Housing: This regulation establishes the guidelines to identify and approve all housing projects which may be part of a housing cooperative, so as to make them subject to special Ministry regulations. This includes liquidity clauses, internal administration structure, and liquidation provisions. 
  3.  Regulations for the Liquidity and Deposit Insurance Fund: The Liquidity and Deposit Insurance Fund ensures the liquidity of institutions and alleviates any deficiencies in a cooperative's liquidity fund. This is funded by all organizations within the 'Solidary Economy'.

Document Details

Title (Non-English): 
Recopilación de la Normativa de la Economía Popular y Solidaria y del Sistema Financiero Popular y Solidario
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Date of Document: 
Wednesday, January 1, 2014
Document Authors: 
Banking and Insurance Regulator of Ecuador
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