Ecuador. In the table, for part 7, Financial Services, in the sixth paragraph of the second column (Description of Reservation), where it says: "On the securities market, Ecuador will accept the risk rating by an agency recognised by the European Securities and Markets Authority (ESMA) as a âNationally Recognized Statistical Rating Organisation - RSRO" (...)", the words "European Securities and Markets Authority (ESMA) as a "Nationally Recognized Statistical Rating Organisation - RSRO"" are replaced by the words "Financial Conduct Authority (FCA) as a "Credit Rating Agency - CRA"". Appendix 1 RESERVATIONS ON KEY PERSONNEL AND GRADUATE TRAINEES SECTION B EU PARTY
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Sources: Trade Agreement, Trade Agreement