Regulatory Alerts2026-06-01
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Order of the Adjunct Superintendence for Conduct Supervision No. 024-2026-SMV/11
The Order of the Adjunct Superintendence for Conduct Supervision declares the reconsideration appeal filed by Empresa de Generación Eléctrica San Gabán S.A. against Resolution No. 012-2026-SMV/11 unfounded, thereby upholding the sanctions for late and incomplete disclosure of important events. The upheld sanctions include two warnings and a fine of 3.03 UIT (S/ 15,604.50) for failures related to the timely communication of board meetings and the incomplete disclosure of a comprehensive amendment to the company's bylaws. The regulator determined that the subsequent voluntary submission of documents does not exempt the entity from liability for the initial incomplete and late reporting.
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