Superintendent Resolution No. 009-2026-SMV/02

PERU Ministry of Economy and Finance

SMV
Superintendence of the Securities Market
"Decade of Equality of Opportunities for Women and Men" "Year of Hope and Strengthening of Democracy" 1 Electronically signed document in the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml Superintendent Resolution No. 009-2026-SMV/02 Lima, January 29, 2026 The Superintendent of the Securities Market SEEN:
The File No. 2026003522 and the Joint Report No.
117-2026-SMV/06/10/11/12/13 issued on January 28, 2026 by the Legal Advisory Office, the Adjunct Superintendence of Prudential Supervision, the Adjunct Superintendence of Market Conduct Supervision, the Adjunct Superintendence of Investigation, Development and Innovation and the Adjunct Superintendence of Risks; CONSIDERING:
That, article 5-A of Law No. 27658, Framework Law for the Modernization of State Management, establishes that the Administrative System for the Modernization of Public Management aims to promote and improve the quality of regulations within the competence of the Presidency of the Council of Ministers, which exercises the leadership of the Administrative System for the Modernization of Public Management, through the Public Management Secretariat; That, Legislative Decree No. 1565 approves the General Law for the Improvement of Regulatory Quality (hereinafter, "MCR Law"), with the objective of strengthening and harmonizing the regulatory quality improvement process (hereinafter, "MCR"), as well as the institutional framework and instruments governing it as part of an ordered, integral, coordinated, gradual and continuous process to guarantee the effective compliance of public policies; That, item 5.1 of article 5 of the MCR Law states that MCR instruments are public policy tools that allow public entities to adopt duly substantiated decisions on the need to issue or not a norm, modify it or repeal it, for the benefit of society; and among said instruments it includes the Ex Ante Regulatory Impact Analysis (hereinafter, "AIR Ex Ante") and the Early Agenda; That, sub-item 2 of item 5.2 of article 5 of the MCR Law establishes that the AIR Ex Ante aims at the previous, systematic and integral analysis to identify, evaluate and measure the probable results, benefits and costs of different regulatory and non-regulatory solution alternatives to a public problem, considering the identification and analysis of risks, in order to adopt the best intervention alternative based on evidence; That, likewise, sub-item 1 of item 5.2 of article 5 of the MCR Law states that the early agenda allows a public entity to identify, schedule and publish its public problems in an early phase to the adoption of possible regulatory and non-regulatory interventions, with the aim of achieving greater predictability, participation and transparency in the regulatory or non-regulatory production process, serving as input and starting point to evaluate and/or implement regulatory innovations;

PERU Ministry of Economy and Finance

SMV
Superintendence of the Securities Market
"Decade of Equality of Opportunities for Women and Men" "Year of Hope and Strengthening of Democracy" 2 Electronically signed document in the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml That, by Supreme Decree No. 023-2025-PCM the Regulations of Legislative Decree No. 1565, Legislative Decree that approves the General Law for the Improvement of Regulatory Quality (hereinafter, MCR Regulations) were approved. That, in the First Complementary Final Provision of the MCR Regulations it is established that for the application of MCR instruments, among others, the Guidelines for the publication of the Early Agenda and of the Public Consultation in the framework of the Ex Ante Regulatory Impact Analysis, approved by Ministerial Resolution No. 163-2021-PCM, as well as the Single Format of Early Agenda and the Public Consultation Guide, approved by Public Management Secretariat Resolution No. 012-2021-PCM-SGP, remain in force; That article 24 of the MCR Regulations establishes that the early agenda will have a validity of two (2) years counted from the day following its publication, and it is published until January 31 of the year in which it is approved; That, in compliance with the aforementioned regulations, the Early Agenda of the Superintendence of the Securities Market for the period 2026 - 2027 is approved and made available to the public, thereby evidencing the commitment of the SMV with transparency in the regulatory production process that it has been showing for years, providing predictability to the market and promoting the participation of citizens, since it is convinced that this contributes to generating better results; and, Being in accordance with what is established in article 2 of the Unified Text of the Organic Law of the Superintendence of the Securities Market, approved by Decree Law No. 26126 and its amendment; article 10° and item 35 of article 12° of its Organization and Functions Regulations, approved by Supreme Decree No. 216-2011-EF and its amendment; RESOLVES:
Article 1º.- Approve the Early Agenda of the Superintendence of the Securities Market for the period 2026 - 2027, which, as an annex, forms an integral part of this resolution.
Article 2º.- Order the publication of the Early Agenda of the Superintendence of the Securities Market for the period 2026 – 2027 on the Institutional Page of the Superintendence of the Securities Market, on the Peruvian State's Unified Digital Platform (www.gob.pe/smv), in its offices, as well as on its social media.
Article 3º.- Transcribe this resolution to the Technical Secretariat of the Multisectoral Commission for Regulatory Quality, within a maximum period of seven (7) business days counted from the day following its publication on the Portal of the Superintendence of the Securities Market.
Register, communicate and publish.
Zósimo Juan Pichihua Serna
Superintendent of the Securities Market