Regulatory Alerts2025-08-15 | Resolución SBS 02869-2025SBS Resolution No. 02869-2025: Amending the Liquidity Risk Management Regulation (SBS Resolution No. 4221-2023) and Chapter V "Complementary Information" of the Accounting Manual for Financial System Companies
The Peruvian Superintendency of Banks, Insurance, and Private Pension Fund Administrators (SBS) issued Resolution No. 02869-2025 to amend the Liquidity Risk Management Regulation and Chapter V of the Accounting Manual for Financial System Companies. The amendment formally classifies intraday, central-government-solely-backed Exchange Traded Funds (ETFs) as liquid assets for calculating liquidity, adjusted liquidity, and net investment ratios under Articles 17 through 19 and Article 45. Additionally, it updates Annexes 15-A and 15-C to incorporate these ETFs into daily treasury reports and monthly liquidity positions, with corresponding methodological notes specifying their intraday creation/redemption mechanics and unit-multiple valuation.
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