Conasev Resolution No. 052-2011

Lima, June 30, 2011

VISTOS:

File No. 2011019336, as well as Report No. 390-2011-EF/94.06.1 dated June 22, 2011, respectively, submitted by the Secondary Markets Directorate, with the favorable opinion of the General Management;

CONSIDERING:

That, by Secondary Markets Directorial Resolution No. 022-2011-EF/94.06.1 dated March 1, 2011, authorization was granted to the companies Larrain Vial Proyectos e Inversiones Limitada and Asesorías Larrain Vial Limitada to organize the stockbroker company named Larrain Vial Sociedad Agente de Bolsa S.A., or its abbreviated name Larrain Vial SAB S.A., in their capacity as organizers;

That, by letter dated June 6, 2011, the organizers requested CONASEV to grant the operating authorization to Larrain Vial Sociedad Agente de Bolsa S.A.;

That, following the evaluation of the documentation presented by the aforementioned organizers, it has been determined that Larrain Vial Sociedad Agente de Bolsa S.A. has met the requirements established in the Regulation of Intermediation Agents, approved by CONASEV Resolution No. 045-2006-EF/94.10, and in the Single Text of Administrative Procedures of CONASEV, approved by Supreme Decree No. 056-2002-EF, to obtain the operating authorization as a stockbroker company;

That, Larrain Vial Sociedad Agente de Bolsa S.A. must establish a guarantee in favor of CONASEV before the start of its operations, in accordance with what is established by Article 136 of the Securities Market Law, approved by Legislative Decree No. 861 and its amendments, and must simultaneously comply with what is provided in Article 186 of the same legal body; and,

Being in accordance with what is provided in subsection d) of Article 11 of the Concorded Single Text of the Organic Law of CONASEV, approved by Law Decree No. 26126; as well as what was agreed by the Board of Directors of this National Commission met in session on June 27, 2011;

IT IS RESOLVED:

Article 1.- Authorize the operation of Larrain Vial Sociedad Agente de Bolsa S.A. as a stockbroker company, which may also use the abbreviated name Larrain Vial SAB S.A.

Article 2.- Order the registration of Larrain Vial Sociedad Agente de Bolsa S.A. in the corresponding section of the Public Registry of the Securities Market.

Article 3.- Larrain Vial Sociedad Agente de Bolsa S.A. must establish a guarantee in favor of CONASEV before the start of its operations.

Article 4.- This resolution shall enter into force the day following its publication in the Official Gazette El Peruano.

Article 5.- Order the dissemination of this resolution in the Official Gazette El Peruano and on the CONASEV Portal.

Article 6.- Transmit this resolution to Larrain Vial Proyectos e Inversiones Limitada and Asesorías Larrain Vial Limitada and to Larrain Vial Sociedad Agente de Bolsa S.A.

Register, communicate, and publish.

Michel Canta Terreros
President