Regulatory Alerts2026-03-26
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Adjunct Superintendent Resolution for Conduct Supervision No. 012-2026-SMV/11
The Adjunct Superintendency Resolution SMV N° 012-2026-SMV/11 sanctions EMPRESA DE GENERACION ELECTRICA SAN GABAN S.A. with two warnings and a fine of 3.03 UIT. This penalty is for three minor infractions related to the belated communication of two calls for shareholders' meetings on February 6, 2024, and March 21, 2024, and the belated and incomplete communication of an agreement to modify the company's social statute on March 25, 2024. The company's defenses, including arguments of substantial compliance and diligent remediation, were considered but did not fully absolve it. The infractions fall under subsection 3.1 of numeral 3 of Annex I of the Sanctions Regulation.
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