Regulatory Alerts2026-04-10 | Resolución SBS 1029-2026SBS Resolution No. 1029-2026: Amend the Regulation on Infractions and Sanctions of the Superintendency of Banks, Insurance Companies, and Private Pension Fund Administrators
The Superintendent of Banks, Insurance Companies, and Private Pension Fund Administrators (SBS) issued Resolution No. 01029-2026 to modify and update the Regulation on Infractions and Sanctions by incorporating, amending, and repealing specific minor, serious, and very serious infractions across the financial, insurance, and private pension systems. The amendment expands the classification of information security breaches, payment allocation rules, insurance product offerings, and pension investment monitoring to ensure effective sanctioning mechanisms. These changes standardize economic impact thresholds measured in Tax Units (UIT) and clarify compliance obligations for financial entities, intermediaries, and pension administrators.
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