Regulatory Alerts2025-11-24 | Resolución SBS 04142-2025SBS Resolution No. 04142-2025: Amending the Regulation for the Temporary Execution of Activities in Innovative Models and TUPA No. 202
The Peruvian Superintendency of Banks, Insurance, and Private Pension Fund Administrators (SBS) issued Resolution No. 04142-2025 to expand the regulatory framework for temporary pilot tests of innovative business models, explicitly allowing unsupervised legal entities to participate alongside supervised financial institutions. The resolution amends the existing Regulation and TUPA No. 202 by introducing new articles, definitions, and procedures that establish eligibility criteria, risk management requirements, guarantee mechanisms, and a streamlined authorization process for these unsupervised companies. It further empowers the SBS to directly invite or participate in such pilots, ensuring user protection, financial system stability, and enhanced competition within the national financial innovation ecosystem.