Regulatory Alerts2025-10-16 | Resolución SBS 03727-2025SBS Resolution No. 03727-2025: Amending the General Regulations of Savings and Credit Cooperatives Not Authorized to Attract Public Funds
The Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 03727-2025 to amend Article 2 of the General Regulations for Savings and Credit Cooperatives Not Authorized to Attract Public Funds (Coopac). The resolution grants the SBS transitional authority, for up to three years, to flexibly adjust prudential limits and provisions upon request from Coopac undergoing or resulting from reorganization. It specifically permits qualifying Coopac to count designated fixed-term deposits toward supplementary equity, mandates gradual activity schedules with defined reporting frequencies and compliance measures for Level 3 entities, and allows merged Coopac to apply proportional provision adequacy percentages until the close of the second subsequent year.