General Supervision of Entities Intendancy Resolution No. 104-2025-SMV/10.2

PERU Ministry of Economy and Finance

SMV
Securities Market Superintendency
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General Supervision of Entities Intendancy Resolution No. 104-2025-SMV/10.2 Lima, May 26, 2025

The General Intendant for Supervision of Entities

HAVING SEEN:

File No. 2025014874 initiated by Faro Capital Sociedad Administradora de Fondos S.A. and Report No. 673-2025-SMV/10.2 dated May 26, 2025;

CONSIDERING:

That Article 50 of the Regulations for Mutual Investment Funds in Securities and their Administrating Companies, approved by Conasev Resolution No. 068-2010-EF/94.1.1 and its amendments, has established the requirements that an administrating company of funds must present to obtain authorization to proceed with the merger of mutual funds;

That, by General Supervision of Entities Intendancy Resolution No. 151-2017-SMV/10.2 of November 7, 2017, and file No. 2019035228, the registration of the mutual investment funds in securities named "Faro Capital Renta Variable Global FMIV" and "Faro Capital Global Innovation FMIV", respectively, as well as the simplified prospectuses and annexes of the corresponding Participation Regulations, was ordered in the Public Registry of the Securities Market;

That, Faro Capital Sociedad Administradora de Fondos S.A. requested authorization to carry out a merger by absorption in which the mutual investment fund in securities named "Faro Capital Global Innovation FMIV" will be absorbed by the mutual investment fund in securities named "Faro Capital Renta Variable Global FMIV";

That, from the evaluation of the information and documentation presented up to May 20, 2025, it has been determined that Faro Capital Sociedad Administradora de Fondos S.A. has met the necessary requirements to carry out the merger of the mutual funds, for which it presented the information and documentation required by: (i) Article 50 of the Regulations for Mutual Investment Funds in Securities and their Administrating Companies; and, (ii) the Single Text of Administrative Procedures of the SMV, approved by Superintendent Resolution No. 023-2015-SMV/02, as developed in Report No. 673-2025-SMV/10.2;

That, the mutual investment fund in securities named "Faro Capital Global Innovation FMIV" will be absorbed and will cease to exist upon the entry into force of the merger. Consequently, its assets, as well as its rights and obligations, will become part of the assets of the mutual investment fund in securities named "Faro Capital Renta Variable Global FMIV". Similarly, the participation shares of the mutual investment fund in securities named "Faro Capital Global Innovation FMIV" will cease to exist, and as a result of the application of an exchange factor, shares of the mutual investment fund in securities named "Faro Capital Renta Variable Global FMIV" will be issued;

That, taking into consideration what is stated in the preceding paragraphs, the exclusion of the fund named "Faro Capital Global Innovation FMIV" from the Public Registry of the Securities Market must be ordered, starting from the date of entry into force of the merger; and,

Being in accordance with what is provided in Article 1, letter b, of the Concordant Single Text of the Organic Law of the Securities Market Superintendency, approved by Legislative Decree No. 26126; Article 38, numeral 5, item vii, and numeral 7 of the Regulations on Organization and Functions of the Securities Market Superintendency, approved by Supreme Decree No. 216-2011-EF.

RESOLVES:

Article 1.- Authorize the merger by absorption of the mutual investment fund in securities named "Faro Capital Global Innovation FMIV" by the mutual investment fund in securities named "Faro Capital Renta Variable Global FMIV".

Article 2.- Faro Capital Sociedad Administradora de Fondos S.A. must publish on its website or in a newspaper of national circulation, a notice containing the most relevant aspects of the merger, its date of entry into force, and the indication that participants of the mutual investment funds in securities named "Faro Capital Global Innovation FMIV" and "Faro Capital Renta Variable Global FMIV" have the right to redeem their shares without being subject to the application of the redemption fee during the period of fifteen (15) business days counted from the day following the said publication. This publication must be carried out prior to June 6, 2025.

Article 3.- Faro Capital Sociedad Administradora de Fondos S.A. must send to the participants of the mutual investment funds in securities named "Faro Capital Global Innovation FMIV" and "Faro Capital Renta Variable Global FMIV" a communication containing the information detailed in the preceding paragraph, no later than the date on which the said publication is carried out.

Article 4.- The authorization referred to in the preceding Article 1 will enter into force on June 27, 2025.

Article 5.- Upon receipt of this Resolution, Faro Capital Sociedad Administradora de Fondos S.A. must inform as a material event the date of entry into force of the mutual fund merger indicated in the preceding Article 1, in accordance with what is established by Article 131 of the Regulations for Mutual Investment Funds in Securities and their Administrating Companies.

Article 6.- Order the exclusion of the mutual investment fund in securities named "Faro Capital Global Innovation FMIV" from the Public Registry of the Securities Market starting from the date of entry into force of the merger.

Article 7.- Faro Capital Sociedad Administradora de Fondos S.A. must inform the SMV within a period of five (5) business days counted from the date of entry into force of the merger regarding the results of the same, including among others, the number of participants of the absorbed mutual investment fund in securities "Faro Capital Global Innovation FMIV" on the date of the merger, the number of participants who exercised the right to redemption without being subject to fees, and the number of shares issued by the mutual investment fund in securities named "Faro Capital Renta Variable Global FMIV" as a result of the merger.

Article 8.- Order the dissemination of this resolution on the Securities Market Portal of the Securities Market Superintendency (www.gob.pe/smv).

Article 9.- Transcribe this resolution to Faro Capital Sociedad Administradora de Fondos S.A. and to Banco de Crédito del Perú, in its capacity as custodian.

Register, communicate, and publish.

Armando Manco Manco
General Intendant
General Intendancy for Supervision of Entities