Rule · SMV · 21 Jul 2021

Law No. 31299

Law No. 31299 amends Law 26771 and Law 30057 to prohibit public sector officials with hiring authority from appointing or contracting relatives up to the fourth degree of consanguinity, second degree of affinity, or spouses, including parents of their children. The law declares contracts or designations made in violation of these nepotism rules null and void. The Executive Branch is required to update the implementing regulations for both laws within thirty business days of the law's entry into force.

PeruSuperintendencia del Mercado de Valores (Peru)

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