Regulatory Alerts2011-05-23
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CONASEV Resolution No. 035-2011
CONASEV declares the appeal filed by Industria Textil Piura S.A. against Administrative Tribunal Resolution No. 296-2010-EF/94.01.3 unfounded. The resolution annuls the sanction imposed for the late submission of the 2006 annual audited financial statements, applying a more favorable regulatory interpretation regarding technical specifications. It reduces the fine for the late submission of the September 30, 2007 interim financial statements and management report to 3.85 UIT (S/. 13,282.50), rejecting the application of the distance term. The administrative route is declared exhausted.
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