Resolution SBS No. 01065-2025: Amending the Accounting Manuals for Financial System Companies, Private Pension Fund Administrators and Managed Portfolios, as well as the Complementary Rules Applicable to Derramas and the External Audit Regulation

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000 Lima, March 18, 2025 Resolution S.B.S.
No. 01065-2025

The Superintendent of Banking, Insurance and
Private Pension Fund Administrators:

WHEREAS:

That, in accordance with numeral 13 of article 349 of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance - Law No. 26702 and its amendments, hereinafter the General Law, it is the Superintendent's attribution to issue general rules to specify the preparation, presentation and publicity of financial statements and any other complementary information, ensuring that the real economic-financial situation of the companies is reflected;

That, the Thirty-Fifth Final and Complementary Provision of the General Law establishes that publications referring to said law for various administrative actions may be made by electronic or digital means and that, on that basis, it is necessary to modify the form of publication of the information referred to in article 135 of the General Law;

That, by Resolution SBS No. 895-98 and its amending rules, the Accounting Manual for Financial System Companies was approved;

That, by Resolution SBS No. 435-2005 and its amending rules, the Accounting Manual for Private Pension Fund Administrators and the Accounting Manual for Managed Portfolios were approved;

That, by Resolution No. 053-98-EF/SAFP and its amending rules, Title III of the Compendium of Regulatory Superintendency Rules of the Private Pension Fund Administration System, referring to Business Management, was approved;

That, it is considered necessary to modify the Accounting Manual for Financial System Companies in order to require financial system companies to digitally publish their financial statements, the corresponding audit opinion, the annual report as well as information on capital requirements and assets granted as collateral in support of assets received, eliminating the obligation to publish them in printed format;

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

That, likewise, it is considered necessary to modify the minimum information requirements contained in the annual report for financial system companies;

That, similarly, it is considered necessary to modify the Accounting Manual for Private Pension Fund Administrators in order to establish provisions for Private Pension Fund Administrators on the publication of financial statements, the corresponding audit opinion and the annual report, with the purpose of achieving greater uniformity with the financial system and insurance system;

That, on the other hand, it is necessary to make modifications to the minimum information requirements contained in the annual report for the Private Pension System;

That, it is necessary to modify Title III of the Compendium of Regulatory Superintendency Rules of the Private Pension Fund Administration System, referring to Business Management;

That, as a consequence of the modification to the Accounting Manual for Private Pension Fund Administrators, it is also necessary to modify the Accounting Manual for Managed Portfolios with the purpose of establishing provisions for greater uniformity in the means of sending information;

That, by Resolution SBS No. 2738-2023 the Complementary Rules Applicable to Derramas were approved;

That, likewise, it is considered necessary to modify the Complementary Rules Applicable to Derramas with the purpose of establishing provisions on publication of financial statements, the corresponding audit opinion and the annual report, with the purpose of achieving greater uniformity with the supervised systems;

That, said modifications promote access to the financial information of supervised entities;

That, as a consequence of the requirement to publish the audit opinion, it is considered necessary to modify the External Audit Regulation approved by Resolution SBS No. 17026-2010 and its amending rules;

That, in order to gather public opinions on the proposal, the publication of the draft resolution on the matter was ordered on the Superintendency's digital site, in accordance with the provisions of the Thirty-Second Final and Complementary Provision of the General Law, as well as Supreme Decree No. 009-2024-JUS;

Having the approval of the Deputy Superintendencies of Banking and Microfinance, Private Pension Fund Administrators, Economic Studies and Legal Counsel; and,

In use of the attributions conferred by numerals 7 and 13 of article 349 of the General Law, subsection d) of article 57 of the Single Ordered Text of the Law of the

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

Private Pension Fund Administration System, approved by Supreme Decree No. 054-97-EF and Law No. 26516;

RESOLVES:

Article One.- Modify the Accounting Manual for Financial System Companies, in accordance with the following:

1. Replace numeral 2 of subsection H "Approval of the Financial Statements and the Annual Report by the General Shareholders' Meeting or Equivalent Body" of Chapter I "General Provisions", in accordance with the following:

"2. Annual report
The annual report must be available to shareholders, together with the pertinent supporting documentation, at least ten (10) calendar days before the holding of the General Shareholders' Meeting for its approval. The deadline for its approval is March 31 of each year. Once the annual report is approved, the Board of Directors or equivalent body shall authorize the respective disclosure, which must be made within the period stipulated by the rules on the matter. The annual report must contain, at a minimum:
a) Only a description of the main figures of the financial statements at the close of the fiscal year, indicating the most relevant variations, if applicable. b) An exposition of the economic and financial situation of the company, as well as a summarized evaluation of each of the most important events that occurred during the period and subsequent events, in such a way as to allow the shareholder to have a clear vision of the management. c) General description of the main characteristics of the entity's Comprehensive Risk Management. d) Other information required in specific rules by this Superintendency or another regulatory body. The annual report shall be sent to the Superintendency within ten (10) business days following its approval by the General Shareholders' Meeting. Likewise, companies must publish the annual report on their website. The deadline for its publication is ten (10) business days following the date of its approval by the General Shareholders' Meeting and they must remain continuously available to the public. The publication must be made without referring to a hyperlink or link to a web page external to that of the company."

2. Modify the section "Form of Submission of Financial Statements" of subsection A "Financial Statements" of numeral I "Financial Statements" of Chapter II "Financial Statements and Complementary Information", in accordance with the following:

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

"FORM OF SUBMISSION OF FINANCIAL STATEMENTS
Companies must submit by physical or electronic means, as well as through the Submodule of Capture and External Validation software - SUCAVE, the financial statements, under the formats established in this Chapter.
The Trial Balance of Balances (form F) shall be submitted only through the SUCAVE software.
Companies that have signed the agreement called "Agreement of responsibility on information submitted through the SUCAVE application" (Convenio-SUCAVE), approved by Resolution SBS No. 1270-2007 of 21.09.2007, shall send the financial statements only through SUCAVE, without the need to send said information in physical media. This treatment is not applicable to Forms A, B-1 and B-2, which shall be sent in physical or electronic media. Accordingly, the form of submission of the Trial Balance of Balances and the Financial Statements is as follows:
INFORMATION
FORM OF SUBMISSION
Without subscription of the Convenio-SUCAVE
With subscription of the Convenio-SUCAVE
Trial Balance of Balances (Form F)
SUCAVE
SUCAVE
Statement of Financial Position (Form A)
Physical or electronic
Physical or electronic
Statement of Comprehensive Income (Forms B-1 and B-2) Statement of Cash Flows (Form C) Physical or electronic Physical or electronic Statement of Changes in Net Equity (Form D) SUCAVE and, additionally, physical or electronic SUCAVE

3. Replace section IV "Publication of Financial Information" of Chapter II "Financial Statements and Complementary Information", in accordance with the following:

"IV PUBLICATION OF FINANCIAL INFORMATION
Companies must publish on their official website the following information, complying with the following provisions:
Quarterly information
For the quarterly periods of March, June, September and December, the Statement of Financial Position (Form A), the Statement of Comprehensive Income (Forms B-1 and B-2), Report No. 4-D "Summary of Capital Requirements" and the assets granted as collateral in support of the financing received must be published jointly. This information must be permanently available to the public. The publication must be made within seven (7) business days of having been approved by the general management or by the board of directors or equivalent body, with a maximum deadline of

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

April 30, July 31, October 31 and February 15 of each year for each corresponding quarter. In addition, the publication on the company's official website must be made without referring to a hyperlink or link to a web page external to that of the company. For the publication of the Statement of Financial Position and the Statement of Comprehensive Income, the formats established in Form A for the Statement of Financial Position and Forms B-1 and B-2 for the Statement of Comprehensive Income must be used, but expressing the amounts in thousands of soles and showing only total balances. For the publication of Report No. 4-D, companies may omit the sections in which no information is reported. For the publication of the assets granted as collateral in support of the financing received, the following format must be considered:
ASSETS GRANTED AS COLLATERAL FOR FINANCING RECEIVED 1/ Concept Amount of the Assets S/. (000) Counterparty of the financing Term of the contract Debt supported S/. (000) 3/ Legislation Jurisdiction Others

1. Financing received with collateral of loan portfolio 2/
2. Financing received with collateral of other assets 2/
   Total
   1/ Includes the company's assets transferred through trusts as collateral 2/ Indicate description by contract.
   3/ Consider only the principal balance of the debt supported Annual information For the information corresponding to the close of the annual fiscal year, companies must publish jointly the audited financial statements at the close of the annual fiscal year and the audit opinion containing the opinion of the External Audit Firm on the reasonableness of the financial statements. This information must be permanently available to the public. The publication must be made within seven (7) business days of approval by the General Shareholders' Meeting. In addition, the publication on the company's official website must be made without referring to a hyperlink or link to a web page external to that of the company. For the publication of the audited financial statements at the close of the annual fiscal year, the formats established in this Accounting Manual must be used, presented comparatively with the previous year, in thousands of soles and must contain only the column of total balances.

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

Article Two.- The companies indicated in subsections A, B and C of article 16 of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance - Law No. 26702 and its amendments, the Banco de la Nación, the Banco Agropecuario, the Corporación Financiera de Desarrollo - COFIDE, the Fondo MIVIVIENDA S.A. and the Electronic Money Issuing Companies, must publish on their website the annual information required in section IV "Publication of Financial Information" of Chapter II "Financial Statements and Complementary Information" and numeral 2 of subsection H "Approval of the Financial Statements and the Annual Report by the General Shareholders' Meeting or Equivalent Body" of Chapter I "General Provisions" of the Accounting Manual for Financial System Companies. Said information must be available at least from the 2019 period, and shall be freely accessible to the public permanently. Information for fiscal years prior to 2025 shall be published no later than the same date of publication of the information for the 2025 annual fiscal year. The publication on the company's official website must be made without referring to a hyperlink or link to a web page external to that of the company.

Article Three.- Modify the Accounting Manual for Private Pension Fund Administrators, in accordance with the following:

1. Replace the first paragraph of the Conceptual Accounting Framework, with the following text:
   "The financial statements of the AFPs must be prepared and presented in accordance with the provisions of this Manual and with other provisions established by this Superintendency."

2. Replace subsection C "Frequency and deadlines for presentation of interim and annual financial statements" of Chapter II "Financial Statements, Periodicity and Presentation Deadlines", in accordance with the following:
   "The financial statements and the trial balance that the AFPs present to the Superintendency must adhere to the following frequency and deadlines:
   FINANCIAL STATEMENTS AND TRIAL BALANCE
   FORM
   FREQUENCY
   MAXIMUM DEADLINE FOR PRESENTATION
   Statement of Financial Position
   A
   Monthly
   15 calendar days following the close. In the case of information at the close of the year, until January 30 of the following year.
   Statement of Income
   B-1
   Monthly
   Statement of Income and Other Comprehensive Income B-2 Quarterly Statement of Cash Flows C Semiannual Statement of Changes in Equity D Semiannual Trial Balance of Balances E Monthly

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

If the scheduled presentation date corresponds to a non-business day, the obligation shall correspond to the following business day.
Form of submission of financial statements
The AFPs must submit by physical or electronic means, as well as through the Submodule of Capture and External Validation software - SUCAVE, the financial statements, under the formats established in this Chapter.
Companies that have signed the agreement called "Agreement of responsibility on information submitted through the SUCAVE application" (Convenio-SUCAVE), approved by Resolution SBS No. 1270-2007 of 21.09.2007, shall send Form C "Statement of Changes in Equity" and form D "Statement of Changes in Equity" only through SUCAVE, without the need to send said information in physical or electronic media. This treatment is not applicable to Forms A "Statement of Financial Position", nor to Forms B-1 and B-2 "Statement of Comprehensive Income", which regardless of whether the agreement has been signed, must be mandatorily presented in physical or electronic media. Form E "Trial Balance of Balances" shall be submitted only through the SUCAVE Software. The remaining formats must be submitted after having the conformity of the Trial Balance, through the corresponding option of SUCAVE. It must be signed and submitted in accordance with the rules established by the SBS."

3. Replace subsection E "Annual Report" of Chapter II "Financial Statements, Periodicity and Presentation Deadlines", in accordance with the following:
   "E. ANNUAL REPORT
   The AFPs must present to the Superintendency the Annual Report referred to in Article 36 of the Regulation, within fifteen (15) days following its approval by the competent corporate body. Likewise, they must publish the annual report on their website within the same period and must keep them permanently available to the public without referring to a hyperlink or link to a web page external to the company. The content of the report is subject to the provisions of article 80 "Annual Report" of Title III 'Business Management' of the Compendium of Regulatory Superintendency Rules of the Private Pension Fund Administration System, approved by Resolution No. 053-98-EF/SAFP and its amending rules."

4. Incorporate in Chapter II "Financial Statements, Periodicity and Presentation Deadlines", the following:
   "F. PUBLICATION OF FINANCIAL STATEMENTS
   Annual information
   The AFPs must publish on their official website, their audited financial statements at the close of the annual fiscal year and the audit opinion containing the opinion of the External Audit Firm on the reasonableness of said financial statements, within seven (7) business days of approval by the General Shareholders' Meeting, and must keep them permanently available to the public.

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

For the publication of the audited financial statements at the close of the annual fiscal year, the formats established in this Accounting Manual must be used, presented comparatively with the previous year, in thousands of soles and must contain only the column of total balances. The publication on the company's official website must be made without referring to a hyperlink or link to a page external to the company.

Article Four.- Modify the Accounting Manual for Managed Portfolios, in accordance with the following:
Replace subsection C "Frequency and deadlines for presentation of interim and annual financial statements" of Chapter II "Financial Statements, Periodicity and Presentation Deadlines", in accordance with the following:
"The financial statements and the trial balance of the Managed Portfolios that the AFPs present to the Superintendency must adhere to the following frequency and deadlines:
FINANCIAL STATEMENTS AND TRIAL BALANCE
FORM
FREQUENCY
MAXIMUM DEADLINE FOR PRESENTATION
Statement of Financial Position
F
Monthly
15 calendar days following the close.
Statement of Changes in Net Equity
G
Monthly
Trial Balance of Balances
H
Monthly
If the scheduled presentation date corresponds to a non-business day, the obligation shall correspond to the following business day.
Form of submission of financial statements
The AFPs must submit by physical or electronic means, as well as through the Submodule of Capture and External Validation software - SUCAVE, the financial statements, under the formats established in this Chapter.
Regardless of whether the companies have signed the agreement called "Agreement of responsibility on information submitted through the SUCAVE application" (Convenio-SUCAVE), approved by Resolution SBS No. 1270-2007 of 21.09.2007, they must send Forms F "Statement of Financial Position" and Form G "Statement of Changes in Net Equity" in physical or electronic media. Form H "Trial Balance of Balances" shall be submitted only through the SUCAVE Software. The remaining formats must be submitted after having the conformity of the Trial Balance, through the corresponding option of SUCAVE. It must be signed and submitted in accordance with the rules established by the SBS."

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

Article Five.- Replace article 79 "Financial Information" and article 80 "Annual Report" of Title III 'Business Management' of the Compendium of Regulatory Superintendency Rules of the Private Pension Fund Administration System, approved by Resolution No. 053-98-EF/SAFP and its amending rules, in accordance with the following text:
"Article 79.- Financial information. The financial information of the AFPs must be prepared in accordance with the rules established by the Superintendency in Title IX of this Compendium, referring to the Accounting Plan.
The preparation of the financial information of the Fund administered by an AFP, as well as its presentation deadlines, are subject to the provisions of Title IX of this Compendium."
"Article 80.- Annual report. The AFPs must present to the Superintendency the Annual Report referred to in Article 36 of the Regulation, within fifteen (15) days following its approval by the competent corporate body. Likewise, they must publish the annual report on their website within the same period. The annual report must contain, at least:
a) Only a description of the main figures of the financial statements at the close of the fiscal year, indicating the most relevant variations, if applicable. b) Current organization chart of the company at the end of the fiscal year. c) Structure of the levels of commissions charged by the AFP during the fiscal year, as well as the bonuses applied, distinguishing in both cases the concepts that gave rise to them. d) Age structure of the AFP's affiliates, by ranges. e) Information on the number of active affiliates, by type of fund and sex, and their average insurable remuneration. f) Number and amounts of pensions granted for retirement, disability, and survivorship, as well as payment of amounts for funeral expenses. g) Composition of the portfolio of the Fund it administers, at the close of each month of the fiscal year; h) Valuation of the Fund's unit, at the close of each month of the fiscal year. i) Value of the Fund it administers at the close of each month of the fiscal year. j) Other information required in specific rules by this Superintendency."

Article Six.- Modify the Complementary Rules Applicable to Derramas approved by article one of Resolution SBS No. 2738-2023, in accordance with the following:

1. Replace article 44 "Audited financial statements", as follows:
   "Article 44. Audited financial statements
   44.1. The Audit Opinion and audited financial statements, as well as the complementary reports, must be presented by the Derramas to the Superintendency, on the last business day of February of the year following the audited fiscal year, in accordance with the provisions of the External Audit Regulation.
   44.2 The audited financial statements, corresponding to the close of the annual fiscal year, must be approved by the highest approval body.

Los Laureles Nº 214 - Lima 27 - Perú Telf.: (511) 6309000

44.3. The Derramas must publish on their website, jointly, the audited year-end financial statements and the report containing the opinion of the External Audit Firm on the reasonableness of the financial statements. This information must be permanently available to the public.

44.4. Publication must be made within seven (7) business days of approval by the highest approval body. In addition, publication on the official website of the Derramas must be made without referring to a hyperlink or link to a web page external to that of the entity.

44.5. For the publication of the audited year-end financial statements, the formats established in these rules must be used, in accordance with Article 42, presented comparatively with the previous year, in thousands of soles."

2. Replace paragraph 46.1 and incorporate paragraph 46.3 in Article 46 "Annual Report", as follows:

"Article 46. Annual Report

46.1 The annual report must be approved by the Board of Directors and must be submitted to the Superintendency within ten (10) business days after approval by the highest approval body, with a maximum approval deadline of March 31.

(…)

46.3 The Derramas must publish the annual report on their website. The deadline for its publication is ten (10) business days after the date of its approval by the highest approval body, and it must remain continuously available to the public. Publication must be made without referring to a hyperlink or link to a web page external to that of the entity."

3. Eliminate literal r in paragraph 46.2 of Article 46 "Annual Report".

Article Seventh.- Amend the External Audit Regulation, approved by SBS Resolution No. 17026-2010 and its amending rules, as indicated below:

1. Replace the last paragraph of Article 9 "Information to be submitted to the Superintendency" in accordance with the following:

"The financial statements referred to in literal a) must correspond to the forms established by the Superintendency in the corresponding accounting rules, presented comparatively with the previous year, in thousands of soles, and must contain only the total balances column."

2. Eliminate the second, fifth and seventh final provisions.

3. Incorporate the Ninth Final Provision, in accordance with the following text:

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"Ninth.- Publication of audited financial statements

Companies must publish on their website the audited annual financial statements and the report containing the opinion of the External Audit Firm on the reasonableness of said financial statements, within seven (7) business days of approval by the General Shareholders' Meeting or equivalent body, and must keep them permanently available to the public.

Publication on the company's official website must be made without referring to a hyperlink or link to a web page external to that of the company."

Article Eighth.- This resolution enters into force as of January 1, 2026, except for Article Ninth, which enters into force the day following its publication in the Official Gazette El Peruano.

Article Ninth.- The companies referred to in literals A, B and C of Article 16 of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance - Law No. 26702 and its amendments, the Banco de la Nación, the Banco Agropecuario, the Corporación Financiera de Desarrollo - COFIDE, the Fondo MIVIVIENDA S.A. and the Electronic Money Issuing Companies, may early adopt the new provisions established in Articles First and Second for the 2024 annual information and the 2025 quarterly information, except for the new content of the report. The publication of the periods referred to in Article Second must be made on the same date as the publication of the information for fiscal year 2024.

Register, communicate and publish.

SERGIO JAVIER ESPINOSA CHIROQUE
Superintendent of Banking, Insurance and AFP