Regulatory Alerts2022-07-13 | Resolución SBS 2192-2022Added · Updated
Resolution SBS No. 02192-2022: Approval of Provisions for the Application of Maximum Interest Rates
Resolution SBS No. 02192-2022 approves provisions requiring financial system companies to implement policies ensuring compensatory and delinquency interest rates on consumer and small/micro-enterprise credits remain within limits set by the Central Reserve Bank of Peru. It mandates periodic monitoring, corrective actions for rate excesses communicated to users within 15 business days, and the designation of a specific responsible officer for reporting to the Superintendence. Additionally, it amends the Internal Audit Regulation to require internal audits of these procedures and sets a 90-day effective period from publication.