PERU Ministry of Economy and Finance
SMV
Superintendency of the Market in Securities

"Decade of Equal Opportunities for Women and Men" "Year of the Bicentennial, of the consolidation of our Independence, and of the commemoration of the heroic battles of Junín and Ayacucho"

Resolution of the General Intendancy of Supervision of Entities

No. 077-2024-SMV/10.2

Lima, 31 May 2024

The General Intendant of Supervision of Entities

WHEREAS:

File 2023049788, regarding the application for authorization to organize a collective funds management company to be named Santander Empresa Administradora de Fondos Colectivos S.A., as well as Report No. 707-2024-SMV/10.2 of 31 May 2024;

CONSIDERING:

That, by writings submitted up to 31 May 2024, the legal entities Banco Santander, S.A. and Santander Holding Internacional S.A., requested authorization for the organization of a collective funds management company to be named Santander Empresa Administradora de Fondos Colectivos S.A. or abbreviated Santander EAFC S.A.;

That, according to the information presented, the shareholding of Banco Santander, S.A. and Santander Holding Internacional S.A. is 99% and 1%, respectively;

That, from the evaluation of the documentation presented, it has been determined that the organizers of Santander Empresa Administradora de Fondos Colectivos S.A. have complied with the requirements for obtaining the organization authorization established in articles 5 and 6 of the Common Rules for entities that require authorization for organization and operation from the SMV, approved by SMV Resolution No. 039-2016-SMV/01 and its amendments; as well as with the provisions of the Single Text of Administrative Procedures of the Superintendency of the Securities Market, approved by Superintendent Resolution No. 023-2015-SMV/02; as developed in Report No. 707-2024-SMV/10.2 of the General Intendancy of Supervision of Entities;

That, no objections were presented to the formation of the collective funds management company or to the persons organizing it within the term established by article 6 of the Common Rules for entities that require authorization for organization and operation from the SMV;

Signed by: MANCO MANCO Armando FAU Reason:

That, having evaluated the documents presented, it is appropriate to grant the requested authorization; and,

In accordance with the provisions of article 2, literal a) of Decree Law No. 21907; article 1, literal b) of the Organic Law of the Superintendency of the Securities Market, approved by Decree Law No. 26126 and its amendments, and article 38, numeral 5, subsection i), of the Regulation of Organization and Functions of the Superintendency of the Securities Market, approved by Supreme Decree No. 216-2011-EF and its amendments.

RESOLVES:

Article 1.- Grant to Banco Santander, S.A. and Santander Holding Internacional S.A. the authorization for the organization of a collective funds management company to be named Santander Empresa Administradora de Fondos Colectivos S.A. and which may use the abbreviated name Santander EAFC S.A.

Article 2.- The organization authorization referred to in the preceding article shall have a non-extendable validity of one (01) year from its notification to the organizers.

Article 3.- This resolution does not empower Santander Empresa Administradora de Fondos Colectivos S.A. or abbreviated Santander EAFC S.A. to initiate collective funds management activities or to carry out the registration of the company's incorporation in the Registry of Legal Persons of the Public Registries. For this, it must previously obtain the respective operation authorization from the Superintendency of the Securities Market.

Article 4.- This resolution shall be published in the official newspaper El Peruano within a period no greater than fifteen (15) business days.

Article 5.- Order the dissemination of this resolution on the Securities Market Portal of the Superintendency of the Securities Market (www.gob.pe/smv).

Article 6.- Transcribe this resolution to Mrs. Ekaterini Anggela Kidonis Marchena and Mr. Juan Pablo Yzaguirre Carpio, as representatives of the organizers.

Register, communicate and publish.

Armando Manco Manco
General Intendant
General Intendancy of Supervision of Entities