Rule · SMV · 24 Jul 2025
Representatives of Bondholders must execute and document due diligence by August 8, 2025, to avoid administrative measures. They must report on compliance with issuance conditions within five days of presenting interim financial statements to CONASEV, unless exempted for short-term instruments of qualified entities. These obligations apply during the placement stage and while the security is registered. Representatives must act with the diligence of an orderly merchant, safeguarding bondholder and their own interests under Legislative Decree No. 861.
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" Av. Paseo de la República 3617 San Isidro Central: 610 - 6300 www.smv.gob.pe Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its Regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml San Isidro, July 22, 2025 CIRCULAR NO. 365-2025-SMV/11.1
Gentlemen
Representatives of Bondholders
Present:-
Ref.: File No. 2025031298
I address you regarding the obligation you maintain in your capacity as Representatives of the Bondholders, referred to the preparation of the report regarding compliance with the conditions of the issuance or sale (hereinafter, Report), and its respective presentation to the Securities Market Superintendence – SMV, in accordance with what is provided in Article 24, subsection g) 1 of the Regulations for Primary Public Offerings and Sale of Securities, approved by CONASEV Resolution No. 141-98-EF/94.10 and its modifying norms.
In this regard, within the framework of the preventive administrative activities being carried out by the General Superintendence of Conduct Supervision – IGSC, it is appropriate to remind you that the deadline for compliance with the aforementioned obligation is August 8, 2025.
Therefore, you are required to fully execute and document the due diligence in order to comply with the referred obligation within the established timeframe, and thus avoid future risks and/or administrative measures that could arise from eventual non-compliance, keeping in mind the indicated opportunity and/or deadline.
Likewise, you are reminded that in order to comply with the obligation to submit the Report, you must take into account Title II "Information to be sent through data forms", section 3 "Information on Securities by Primary Public Offering", subsection 3.8 "Submission of Reports by Bondholder Representatives", contained in the Technical Specifications of the Registration and Supervision Information System – SIRYS, approved by Superintendent Resolution No. 003-2022-SMV/02.
1 "Article 24.- Information after inscription and/or registration (...) g) Report regarding compliance with the conditions of the issuance or sale, prepared in accordance with what is established by the General Management of CONASEV, counted from the start of the placement stage and during the time the security is registered in the Registry, within five days following the presentation of interim financial statements to CONASEV by the issuer. This requirement is exempted for offers related to short-term instruments of qualified entities; and, (...)." (Underline added)
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" Av. Paseo de la República 3617 San Isidro Central: 610 - 6300 www.smv.gob.pe Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its Regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml
Additionally, it should be indicated that this circular has a preventive and referential character, and therefore does not exempt your represented party from the responsibility of knowing and observing the securities market regulations and complying fully with its information submission obligations applicable to it.
Finally, reminding you of your duty to act in the exercise of your functions with the diligence of an orderly merchant, safeguarding the interests of the bondholders as well as your own, as established in Article 96 of the Single Text of the Order of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF.
Without further particulars, I remain at your disposal.
Sincerely,
Alix Godos
General Superintendent
General Superintendence of Conduct Supervision
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