2026-04-22
Added · Updated
The General Supervision of Conduct Intendancy orders the exclusion from the Public Registry of the Securities Market of the securities known as the First, Second, and Fourth Issuances of the Fifth Program of Financial Leasing Bonds of Total S.A., as well as the emission program itself, due to the total cancellation of obligations and the expiration of the program's validity period. This exclusion also applies to the Lima Stock Exchange Securities Registry. The resolution confirms that no Public Offer of Purchase for Exclusion is required because the rights on the securities have been extinguished.
PERU Ministry of Economy and Finance
SMV Securities Market Superintendency "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 Supervision of Conduct Intendancy Resolution No. 023-2026-SMV/11.1 Lima, April 22, 2026 The General Intendant of Conduct Supervision Seen: File No. 2026012720, as well as Internal Report No. 612-2026-SMV/11.1, from the General Intendancy of Conduct Supervision of the Adjunct Intendancy of Market Conduct Supervision. Considering: That, through writings presented on March 19 and April 10, 2026, Total Servicios Financieros Empresa de Créditos requested the Securities Market Superintendency – SMV, through the Single Window system, the exclusion of the securities named "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", which were registered and placed under the "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)", in the Public Registry of the Securities Market and in the Securities Registry of the Lima Stock Exchange, due to the total cancellation of the obligations derived from them; That, under the provisions of Article 160 of the Single Text of the General Administrative Procedure Law No. 27444, approved by Supreme Decree No. 004-2019-JUS and its amendments, through General Supervision of Conduct Intendancy Resolution SMV No. 019-2026-SMV/11.1 of April 8, 2026, the General Intendancy of Conduct Supervision – IGSC ordered the accumulation of the administrative proceedings contained in files Nos. 2026012720, 2026012721, 2026012722 and 2026012723 of Total Servicios Financieros Empresa de Créditos, for their joint resolution in file No. 2026012720; That, it has been verified that, through General Supervision of Conduct Intendancy Resolution SMV No. 029-2015-SMV/11.1 of April 27, 2015, in the framework of an advance procedure, the currently named emission program "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)" was registered, up to a maximum circulating amount of US$ 80,000,000.00 (Eighty Million and 00/100 Dollars of the United States of America) or its equivalent in Soles, and the corresponding Master Prospectus was registered in the Public Registry of the Securities Market;
PERU Ministry of Economy and Finance
SMV Securities Market Superintendency "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, within the framework of the "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)", pursuant to the provisions of General Supervision of Conduct Intendancy Resolution SMV No. 029-2015-SMV/11.1 of April 27, 2015, the securities named "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." were registered, up to a maximum amount of US$ 10,000,000.00 (Ten Million and 00/100 Dollars of the United States of America), 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 "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)", on February 26, 2016, under an automatic approval procedure, the securities named "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." were registered, up to a maximum amount of US$ 10,000,000.00 (Ten Million and 00/100 Dollars of the United States of America), 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 "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)", on April 12, 2017, under an automatic approval procedure, the securities named "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." were registered, up to a maximum amount of US$ 5,000,000.00 (Five Million and 00/100 Dollars of the United States of America), 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 "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A."; That, Total Servicios Financieros Empresa de Créditos has presented the information and documentation required by the Single 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 "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A."; That, taking into account the information contained in the Public Registry of the Securities Market, it is observed that with the exclusion of the securities "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", all securities registered under the emission program "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)" will be excluded from the Public Registry of the Securities Market; that the validity period of the aforementioned emission 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, exclusion operates when the registration validity period 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 Single 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 on the security operates, by amortization, total redemption or other cause, and when the cessation of public interest operates; That, in this sense, taking into consideration that Article 15 of the Single 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 emission programs" of the Public Registry of the Securities Market, securities and emission programs are registered, the statement in the preceding consideration is also applicable to emission programs, since these are subject to registration in the aforementioned registry; That, regarding the obligation to carry out a Public Offer of Purchase for Exclusion – POP when a value is excluded from the Public Registry of the Securities Market, established in Article 41 of the Single Text of the Securities Market Law and in Article 32 of the Regulation on Public Offer of Acquisition and Purchase of Securities for 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 "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." fall within the exception cause for not carrying out a POP, as provided by Article 37, letter a), of the Regulation on Public Offer of Acquisition and Purchase of Securities for 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 on 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 Unique Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and, Being in accordance with the provisions of Articles 15 and 39, letters b) and d), of the Single 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 Superintendency, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Intendancy of Conduct Supervision to order the exclusion of securities from the Public Registry of the Securities Market. Resolves: Article 1°.- Order the exclusion of the securities named "First Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A.", "Second Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." and "Fourth Issuance of the Fifth Program of Financial Leasing Bonds of Leasing Total S.A." from the Public Registry of the Securities Market. Article 2°.- Rule in favor of the exclusion of the securities indicated in the preceding article from the Securities Registry of the Lima Stock Exchange. Article 3°.- Order the ex officio exclusion of the emission program named "Fifth Program of Financial Leasing Bonds of Total Servicios Financieros EDPYME (formerly Servicios Financieros Total EDPYME)" from the Public Registry of the Securities Market. Disseminate this resolution on the SMV Institutional Page on the Unique Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv). Article 4°.- Transcribe this resolution to Total Servicios Financieros Empresa de Créditos, as issuer; to Banco de Crédito del Perú, as 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 Intendant General Intendancy of Conduct Supervision
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