Individual decision · SMV · 22 Jul 2025
The resolution authorizes Pandero S.A. EAFC to modify the administration contracts for collective fund programs Pandero C-2, Pandero C-3, Pandero C-4, Program Pandero C-5, Pandero Special C8, and Pandero C6 (specifically products Pandero Económico and Pandero 4x4), and mandates their registration in the Special Registry of Other Entities under the SMV's jurisdiction. These modifications become effective on the business day following the communication specified in Article 32 of the Collective Fund System Regulations and apply exclusively to groups formed after this effective date.
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml Resolution of the General Superintendent of Entity Supervision No. 132-2025-SMV/10.2 Lima, July 22, 2025 The General Superintendent of Entity Supervision HAVING SEEN:
File No. 2025021001 initiated by Pandero S.A.
EAFC, as well as Report No. 990-2025-SMV/10.2 dated July 22, 2025 from the General Superintendent of Entity Supervision; CONSIDERING:
That, through Resolution of the General Superintendent of Entity Supervision No. 037-2015-SMV/10.2, dated April 9, 2015, authorization was granted for the collective fund program named “C-2”, now named “Pandero C-2”, as well as the model of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered; That, through Resolution of the General Superintendent of Entity Supervision No. 096-2015-SMV/10.2, dated September 28, 2015, authorization was granted for the collective fund program named “C-3”, now named “Pandero C-3”, as well as the model of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered; That, through Resolution of the General Superintendent of Entity Supervision No. 132-2015-SMV/10.2, dated December 24, 2015, authorization was granted for the collective fund program named “Pandero C-4”, as well as the model of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered; That, through Resolution of the General Superintendent of Entity Supervision No. 075-2016-SMV/10.2, dated August 11, 2016, authorization was granted for the collective fund program named “Special Program Pandero C-5”, now denominated “Program Pandero C-5”, as well as the model of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered;
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml That, through Resolution of the General Superintendent of Entity Supervision No. 150-2017-SMV/10.2, dated October 31, 2017, authorization was granted for the collective fund program named “Pandero C-6”, now denominated “Pandero C6”, as well as the models of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered; That, through Resolution of the General Superintendent of Entity Supervision No. 037-2023 del-SMV/10.2, dated March 17, 2023, authorization was granted for the collective fund program named “Pandero Special C8”, as well as the models of administration contract to be used by Pandero S.A. EAFC for its administration, and its registration in the Special Registry of Other Entities under the competence of the SMV was ordered; That, through writings presented until July 17, 2025, Pandero S.A. EAFC requested authorization for the modification of the administration contracts of collective funds used in the management of the programs “Pandero C-2”, “Pandero C-3”, “Pandero C-4”, “Program Pandero C-5” and “Pandero Special C8”; and of contracts corresponding to the products “Pandero Económico” and “Pandero 4x4” used in the management of the program “Pandero C6”; That, from the evaluation of the documentation presented, it has been determined that Pandero S.A. EAFC has complied with: (i) what is established in article 30 of the Regulations of the Collective Fund System and its Managing Companies, approved by SMV Resolution No. 020-2014-SMV/01 and amendments; and (ii) the Single Administrative Procedures Text of the Securities Market Superintendence, approved by Superintendent Resolution No. 023-2015-SMV/02, in force at the time the request was presented, for the authorization of the modifications to the administration contracts of collective funds used in the management of the programs “Pandero C-2”, “Pandero C-3”, “Pandero C-4”, “Program Pandero C-5”, “Pandero C6” and “Pandero Special C8”, as well as for their registration in the Special Registry of Other Entities under the competence of the SMV; as developed in Report No. 990-2025-SMV/10.2; and, Being subject to what is established in article 38, numeral 5, clause x), of the Regulations on Organization and Functions of the Securities Market Superintendence, approved by Supreme Decree No. 216-2011-EF and its amendments; RESOLVES:
Article 1st.- Authorize the modification of the administration contracts of collective funds corresponding to the programs “Pandero C-2”,
“Pandero C-3”, “Pandero C-4”, “Program Pandero C-5” and “Pandero Special C8”, as well as the contracts corresponding to the products “Pandero Económico” and “Pandero 4x4” of the program “Pandero C6”, to be used by Pandero S.A. EAFC in the management of the aforementioned programs; and order their registration in the Special Registry of Other Entities under the competence of the Securities Market Superintendence.
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml
Article 2nd.- - The modifications referred to in the
preceding article will enter into effect on the next business day following the communication indicated in the last paragraph of article 32 of the Regulations of the Collective Fund System and its Managing Companies.
Article 3rd.- The modifications referred to in article
1° of this resolution will be applicable to the groups that are formed after their entry into force.
Article 4th.- Order the dissemination of this resolution
on the Portal of the Securities Market of the Securities Market Superintendence (www.gob.pe/smv).
Article 5th.- Transcribe this resolution to Pandero
S.A. EAFC.
Register, communicate and publish.
Armando Manco Manco
General Superintendent
General Superintendent of Entity Supervision
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The documents this one cites, and the documents that cite it.
“article 38, numeral 5, clause x), of the Regulations on Organization and Functions of the Securities Market Superintendence, approved by Supreme Decree No. 216-2011-EF”
“Single Administrative Procedures Text of the Securities Market Superintendence, approved by Superintendent Resolution No. 023-2015-SMV/02”
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