SBS Resolution No. 2261-2025: Extends the Effective Date in Article Ten of SBS Resolution No. 1565-2025 for the Implementation of Modifications to Titles IV and VII of the SPP Regulatory Compendium

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 1 Lima, June 26, 2025 SBS Resolution No. 2261-2025 The Superintendent of Banks, Insurance and Private Pension Fund Administrators CONSIDERING: Whereas, by Supreme Decree No. 054-97-EF the Consolidated Text of the Law on the Private Pension Fund System was approved, hereinafter the SPP Law; Whereas, by Supreme Decree No. 004-98-EF the Regulations of said SPP Law were approved, hereinafter the Regulations; Whereas, by SBS Resolution No. 355-2005 Title IV of the Regulatory Compendium of the Private Pension Fund System was approved, concerning information to Affiliates and the General Public, hereinafter Title IV; Whereas, by Resolution No. 232-98-EF/SAFP Title VII of the Regulatory Compendium of the Private Pension Fund System was approved, concerning Benefits, hereinafter Title VII; Whereas, as a result of the supervision conducted by this Superintendency it was deemed necessary to update and improve the aforementioned regulatory framework, in order to guarantee standards of suitability, efficiency, timeliness, and transparency. In this regard, through SBS Resolution No. 1565-2025, published in the Official Journal "El Peruano" on 04/28/2025, various articles of Titles IV and VII were modified, as well as other topics related to the granting of benefits and allowances within the Private Pension System (SPP); Whereas, said Resolution provided in its Article Ten that, for the implementation of the modifications, their effective date shall be July 1, 2025; Whereas, notwithstanding the foregoing, according to information provided by the AFPs and insurance companies, as well as by this Superintendency's evaluation, it is concluded that these entities require a longer period to make the necessary adjustments in their operational systems to implement the aforementioned modifications and mitigate associated risks. Therefore, it is necessary to modify the effective date period contained in Article Ten of SBS Resolution No. 1565-2025;

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 2 With the approval of the Associate Superintendencies for Private Pension Fund Administrators, Insurance, and Regulation and Legal Affairs, and the Management of Market Conduct and Financial Inclusion; and, In exercise of the powers conferred by numeral 9 of Article 349 of the General Law of the Financial and Insurance Systems and the Organic Law of the Superintendency of Banks and Insurance, Law No. 26702 and its amendments, and subsection d) of Article 57 of the Consolidated Text of the Law on the Private Pension Fund System, approved by Supreme Decree No. 054-97-EF and based on the provisions of the Thirty-Second Final and Complementary Provision of the General Law; RESOLVES: Article One.- Modify the effective date period provided in Article Ten of SBS Resolution No. 1565-2025, for the implementation of the modifications comprising Titles IV and VII of the Regulatory Compendium of the SPP and others, which shall commence on November 1, 2025. Article Two.- This Resolution takes effect the day following its publication in the Official Journal "El Peruano". Register, communicate, and publish. SERGIO JAVIER ESPINOSA CHIROQUE Superintendent of Banks, Insurance and AFPs