Regulatory Alerts2022-04-08 | Resolución SBS 1169-2022Added · Updated
Resolution SBS No. 1169-2022: Extending the Compliance Deadline for Article Four of Resolution SBS No. 1147-2021
The Superintendency of Banking, Insurance and Private Pension Fund Administrators extends the compliance deadline for specific provisions of the Market Conduct Management Regulations for the Financial System and the Insurance System until August 10, 2022. This extension applies to the requirements set forth in items 1, 5, 6, 7, and 8 of the Eighth Final Complementary Provision of the Financial System Regulation and the Fifth Final Complementary Provision of the Insurance System Regulation, which were originally established by Resolution SBS No. 1147-2021. The new deadline allows financial and insurance companies additional time to meet regulatory requirements due to resource limitations caused by the COVID-19 outbreak in 2021.
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