Regulatory Alerts2025-08-01 | Resolución SBS 02665-2025SBS Resolution No. 02665-2025: New Regulation for the Trading and Accounting of Financial Derivative Instruments in Financial System Companies
The Superintendent of Banks, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 02665-2025 to approve a new regulation governing the trading and accounting of financial derivative instruments across Peru's financial system companies. The rule mandates that entities align their derivative valuation and accounting practices with International Financial Reporting Standards (IFRS), explicitly defining credit and debit valuation adjustments, permitted underlying assets, and off-balance sheet registration requirements. It further establishes strict documentation and effectiveness criteria for hedge accounting, ensuring that risk management strategies are accurately reflected in financial statements through either trading or hedging classifications.