Regulatory Alerts2025-10-17 | Resolución SBS 3763-2025SBS Resolution No. 3763-2025: Renaming and Modifying the Operating Procedure to Disburse up to 25% of the Pension Fund for Affiliates of the Private Pension System for the Purchase of a First Home, Approved by SBS Resolution No. 3663-2016
The Peruvian Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 3763-2025 to rename and amend the operating procedure governing withdrawals of up to 25% of mandatory contributions from Individual Capitalization Accounts for the purchase or mortgage amortization of a single urban residence. The amendment updates key definitions to align with Law No. 32123, explicitly reclassifying "first home" as a "single urban property intended for residential use," expanding eligible financial entities to include specific savings and credit cooperatives, and clarifying interaction rules with prior emergency law withdrawals. The resolution takes effect the day after its publication in El Peruano, ensuring affiliates can seamlessly access their pension funds under the updated regulatory framework.