Regulatory Alerts2025-11-27 | Resolución SBS 4225-2025SBS Resolution No. 4225-2025: Renaming Title II and the Sole Complementary Final Provision to First Complementary Final Provision, and Incorporating Chapter V and Second Complementary Final Provision into Title II of the SBS Regulatory Norms Compendium
The Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 4225-2025 to modify Title II of its Regulatory Norms Compendium, enabling financial and insurance companies to operate as Fund Administrators in the Private Pension System through an Additional Business Line. The resolution establishes prudential requirements, standardized application procedures, and progressive implementation rules for these new entities while mandating that existing Private Pension Fund Administrators centralize operational processes and maintain competitive market access by December 2025. It further standardizes distribution channels, loyalty programs, and conflict-of-interest governance to ensure transparency and safeguard affiliates' retirement savings against old age, disability, and death risks.