PERU Ministry of Economy and Finance
SMV
Superintendency of the Market in Securities
DECADE OF EQUAL OPPORTUNITIES FOR WOMEN AND MEN – YEAR OF THE FIGHT AGAINST CORRUPTION AND IMPUNITY

Resolution of the General Intendancy of Supervision of Entities No. 086-2019-SMV/10.2

Lima, 16 October 2019

The General Intendant of Supervision of Entities

WHEREAS:

File No. 2019015042 submitted by Credicorp Capital S.A. Sociedad Administradora de Fondos, as well as Report No. 1236-2019-SMV/10.2 of 14 October 2019, prepared by the General Intendancy of Supervision of Entities of the Superintendency of the Market in Securities;

CONSIDERING:

That, by Conasev Resolution No. 053-95-EF/94.10 of 25 January 1995, the operation of Credifondo S.A. Sociedad Administradora de Fondos Mutuos de Inversión en Valores, now called Credicorp Capital S.A. Sociedad Administradora de Fondos, was authorized to act as administrator of mutual funds for investment in securities;

That, by Resolution of the General Intendancy of Supervision of Entities No. 139-2017-SMV/10.2 of 20 September 2017, the registration of the mutual fund for investment in securities called “Credicorp Capital Cupón Escalonado XI FMIV” was ordered, as well as the corresponding simplified prospectus in the Public Registry of the Securities Market;

That, in accordance with article 181, literal c) of the Regulation of Mutual Funds for Investment in Securities and their Management Companies, approved by Conasev Resolution No. 068-2010-EF/94.01.1 and its amendments, in force at the time of registration of the aforementioned fund, the mutual fund is liquidated upon expiration of the term of duration, when this has been determined in the participation regulation;

That, according to article 76 of the aforementioned regulation, the management company may act as liquidator of the structured mutual fund upon expiration of the term, and must inform the Superintendency of the Market in Securities of the result of said process;

That, in accordance with article 183 of the Regulation of Mutual Funds for Investment in Securities and their Management Companies, approved by Conasev Resolution No. 068-2010-EF/94.01.1 and its amendments, in order to exclude a mutual fund from the Public Registry of the Securities Market, the management company must attach a letter from the custodian, stating that it has complied with paying all the participants of the mutual fund;

That, from the information in the Public Registry of the Securities Market, it has been possible to verify that the mutual fund called “Credicorp Capital Cupón Escalonado XI FMIV” had a duration of one (1) year from the start of the operational stage and said term expired on 5 April 2019;

That, by document submitted on 11 April 2019, Credicorp Capital S.A. Sociedad Administradora de Fondos informed this Superintendency of the result of the liquidation process of the mutual fund for investment in securities called “Credicorp Capital Cupón Escalonado XI FMIV” and attached the custodian's letter stating that it has complied with paying all the participants of the aforementioned mutual fund;

That, from the evaluation of the information and documentation presented, it has been verified that Credicorp Capital S.A. Sociedad Administradora de Fondos has complied with the provisions of articles 181 and 183 of the Regulation of Mutual Funds for Investment in Securities and their Management Companies, as developed in Report No. 1236-2019-SMV/10.2 of 14 October 2019; and,

In accordance with the provisions of article 38, numeral 7, of the Regulation of Organization and Functions of the Superintendency of the Market in Securities, approved by Supreme Decree No. 216-2011-EF and its amendments;

RESOLVES:

Article 1.- To order the exclusion of the mutual fund for investment in securities called “Credicorp Capital Cupón Escalonado XI FMIV” from the Public Registry of the Securities Market.

Article 2.- To order the dissemination of this resolution on the Securities Market Portal of the Superintendency of the Market in Securities (www.smv.gob.pe).

Article 3.- To transcribe this resolution to Credicorp Capital S.A. Sociedad Administradora de Fondos and to Banco de Crédito del Perú, as custodian.

Register, communicate and publish.

Signed by: MANCO MANCO Armando FAU: Reason:

Armando Manco Manco
General Intendant
General Intendancy of Supervision of Entities