Regulatory Alerts2025-11-18
Added · Updated
Adjunct Superintendency Resolution SMV No. 080-2025-SMV/11
This resolution declares the reconsideration appeal filed by FONDO MIVIVIENDA S.A. unfounded. The appeal challenged Adjunct Superintendency Resolution SMV Nº 062-2025-SMV/11, which sanctioned the issuer with a fine of 3.325 UIT (S/ 17,123.75) and one admonition for the untimely communication of an updated Credit Opinion from Moody's Ratings and a risk classification report from Fitch Ratings. The Adjunct Superintendency of Market Conduct Supervision (SASCM) found that the issuer's arguments, including claims of no market impact, operational error, and subsequent corrective measures, did not negate its responsibility, noting that an attenuating circumstance had already resulted in a 5% reduction of the initial fine. The resolution reaffirms that untimely submission of important events is not subject to voluntary remediation.