2026-03-10
Added · Updated
The Securities Market Superintendence (SMV) orders the exclusion from the Public Registry of the Securities Market of the securities 'Second Issuance of Total Leasing Bonds of the First Program' and 'Third Issuance of Total Leasing Bonds of the First Program', issued by Total Servicios Financieros Empresa de Créditos, due to the total cancellation of obligations and extinction of rights. The resolution also mandates the ex officio exclusion of the 'First Total Leasing Bonds Program' from the Public Registry and the exclusion of these securities from the Lima Stock Exchange Securities Register. No Public Buy Offer is required as the exclusion falls under the exception for extinction of rights.
PERÚ Ministry of Economy and Finance
SMV Securities Market Superintendence "Decade of Equality of Opportunities for Women and Men" "Year of Hope and Strengthening of Democracy" 1 Electronically signed document in 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 General Superintendent Resolution SMV No. 017-2026-SMV/11.1 Lima, March 10, 2026 The General Superintendent of Conduct Supervision Seen: File No. 2026006105, as well as Internal Report No. 317-2026-SMV/11.1, from the General Superintendent of Conduct Supervision of the Adjunct Superintendence of Market Conduct Supervision. Considering: That, through writings presented on February 10, 2026, Total Servicios Financieros Empresa de Créditos requested the Securities Market Superintendence – SMV, through the Single Window system, the exclusion of the securities named "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program", which were registered and placed under the "First Total Leasing Bonds Program", in the Public Registry of the Securities Market and in the Securities Registry of the Lima Stock Exchange, due to the total cancellation of obligations derived from them; That, under the provisions of Article 160 of the Unified Text of the General Administrative Procedure Law No. 27444, approved by Supreme Decree No. 004-2019-JUS and its amendments, through General Superintendent Resolution SMV No. 006-2026-SMV/11.1 of February 20, 2026, the General Superintendent of Conduct Supervision – IGSC ordered the accumulation of the administrative proceedings contained in files Nos. 2026006105 and 2026006106 of Total Servicios Financieros Empresa de Créditos, for their joint resolution in file No. 2026006105; That, it has been verified that, through Managerial Resolution No. 049-2006-EF/94.45 of September 22, 2006, in the framework of an advance procedure, the issuance program named "First Total Leasing Bonds Program" was registered, up to a maximum issuance amount of US$ 10,000,000.00 (Ten Million and 00/100 United States Dollars) or its equivalent in Soles, and the corresponding Master Prospectus was registered in the Public Registry of the Securities Market; That, within the framework of the "First Total Leasing Bonds Program", on July 11, 2007, under an automatic approval procedure, the securities named "Second Issuance of Total Leasing Bonds of the First Program" were registered, up to a maximum issuance amount of US$ 4,000,000.00 (Four Million and 00/100 United States Dollars), and the respective Complement to the Master Prospectus was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange; That, within the framework of the "First Total Leasing Bonds Program", on November 9, 2007, under an automatic approval procedure, the securities named "Third Issuance of Total Leasing Bonds of the First Program" were registered, up to a maximum issuance amount of US$ 3,000,000.00 (Three Million and 00/100 United States Dollars), and the respective Complement to the Master Prospectus was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange; That, from the evaluation of the documentation presented by Total Servicios Financieros Empresa de Créditos, it has been verified the presentation of the documents referring to the total cancellation of the obligations derived from the securities named "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program"; That, Total Servicios Financieros Empresa de Créditos has presented the information and documentation required by the Unified Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF, as well as by the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, for the purpose of the exclusion of the securities "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program"; That, taking into account what is indicated in the preceding consideration, it is observed that with the exclusion of the securities "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program", all securities registered under the issuance program "First Total Leasing Bonds Program" will be excluded from the Public Registry of the Securities Market; that the validity period of the mentioned issuance program has expired, making it impossible to carry out new placements and/or issuances of securities under the same; and that the cessation of public interest has occurred; complying with what is established in the last paragraph of Article 25 of the Regulation on Primary Public Offer and Sale of Securities, approved by CONASEV Resolution No. 141-98-EF/94.10 and its modifying norms, which states that with respect to programs, the exclusion operates when the validity period of registration has expired and no value has been placed under the program or when, having been placed, the value or values are excluded from the Public Registry of the Securities Market; That, Article 39, letters b) and d), of the Unified Text of the Securities Market Law; as well as Articles 20 and 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, establish that the exclusion of a security from the Public Registry of the Securities Market takes place by reasoned resolution of the SMV when the extinction of rights over the security operates, by amortization, total redemption or other cause, and when the cessation of public interest operates;
PERÚ Ministry of Economy and Finance
SMV Securities Market Superintendence "Decade of Equality of Opportunities for Women and Men" "Year of Hope and Strengthening of Democracy" 2 Electronically signed document in 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 That, in this sense, taking into consideration that Article 15 of the Unified Text of the Securities Market Law and Article 2 of the Regulation of the Public Registry of the Securities Market, approved by CONASEV Resolution No. 079-97-EF-94.10, establish that in the section "On securities and issuance programs" of the Public Registry of the Securities Market, securities and issuance programs are registered, what is stated in the preceding consideration is also applicable to issuance programs, since these are subject to registration in the mentioned registry; That, regarding the obligation to carry out a Public Buy Offer for Exclusion – OPC when a value is excluded from the Public Registry of the Securities Market, established in Article 41 of the Unified Text of the Securities Market Law and in Article 32 of the Regulation on Public Offer of Acquisition and Buy of Securities by Exclusion, approved by CONASEV Resolution No. 009-2006-EF/94.10 and its modifying norms; it must be noted that the exclusions of the securities named "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program" are within the causal exception for not carrying out an OPC, as provided by Article 37, letter a), of the Regulation on Public Offer of Acquisition and Buy of Securities by Exclusion, and by the penultimate paragraph of Article 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, since the extinction of rights over the values has occurred; That, Article 7, numeral 6, of the Policy on Dissemination of Normative Projects, General Character Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution No. 014-2014-SMV/01 and its modifying norms, establishes that the decisions contained in administrative resolutions that resolve the exclusion of securities from the Public Registry of the Securities Market must be subject to dissemination through the SMV Institutional Page on the Digital Unique Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and, Being in accordance with the provisions of Article 39, letters b) and d), of the Unified Text of the Securities Market Law; Articles 19, 20, 21 and 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel; Article 25 of the Regulation on Primary Public Offer and Sale of Securities; as well as Article 46, numeral 6, of the Regulation on Organization and Functions of the Securities Market Superintendence, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Superintendent of Conduct Supervision to order the exclusion of securities from the Public Registry of the Securities Market. Resolves: Article 1st.- Order the exclusion of the securities named "Second Issuance of Total Leasing Bonds of the First Program" and "Third Issuance of Total Leasing Bonds of the First Program", corresponding to the "First Total Leasing Bonds Program", from the Public Registry of the Securities Market.
PERÚ Ministry of Economy and Finance
SMV Securities Market Superintendence "Decade of Equality of Opportunities for Women and Men" "Year of Hope and Strengthening of Democracy" 3 Electronically signed document in 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 Article 2nd.- Pronounce in favor of the exclusion of the values indicated in the preceding article, from the Securities Registry of the Lima Stock Exchange. Article 3rd.- Order the ex officio exclusion of the issuance program named "First Total Leasing Bonds Program" from the Public Registry of the Securities Market. Article 4th.- Disseminate this resolution on the SMV Institutional Page on the Digital Unique Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv). Article 5th.- Transcribe this resolution to Total Servicios Financieros Empresa de Créditos, in the capacity of issuer; to Banco de Crédito del Perú, in the capacity of Representative of the Bondholders; to the Lima Stock Exchange S.A.; and to CAVALI S.A. I.C.L.V. Register, communicate and disseminate. Alix Godos General Superintendent General Superintendent of Conduct Supervision
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