Lima, 15 January 2020

S.B.S. Resolution No. 0229 -2020

The Superintendent of Banking and Insurance and Private Pension Fund Administrators

WHEREAS:

That, article 215 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 General Law, establishes the treatment of assets received in payment of debts;

That, subsequently, through SBS Resolution No. 1535-2005 of 6 October 2005 and its amending rules, the Regulation for the Treatment of Adjudicated and Recovered Assets and their Provisions, hereinafter Regulation, was approved;

That, article 4 of the Regulation states that companies that have not sold or delivered in financial leasing the assets within a period of one (1) year, may request the extension provided for in article 215 of the General Law at least fifteen (15) days before its expiration;

That, likewise, the First Final and Transitory Provision of the Regulation states that, exceptionally, the extension referred to in article 215 of the General Law and article 4 of the aforementioned Regulation shall be considered granted until 31 December 2006, for those companies that require it, without the need for an authorization request or Resolution by this Superintendency;

That, subsequently, through Resolution No. 008-2019 of 02 January 2019, the exceptional treatment indicated in the preceding paragraph was extended until 31 December 2019;

That, this Superintendency has considered it convenient to extend the exceptional treatment indicated in the First Final and Transitory Provision mentioned above;

With the approval of the Deputy Superintendencies of Banking and Microfinance, of Risks, of Economic Studies and of Legal Advice; and,

In use of the attribution conferred by numeral 7 of article 349 of the General Law; and, in accordance with the exception conditions set forth in the

numeral 3.2 of article 14 of Supreme Decree No. 001-2009-JUS and its amending rules;

RESOLVES:

Sole Article.- Extend the exceptional treatment referred to the extension for the holding of adjudicated and recovered assets, established in the First Final and Transitory Provision of the Regulation for the Treatment of Adjudicated and Recovered Assets and their Provisions, approved by SBS Resolution No. 1535-2005 and its amending rules, until 31 December 2020, for those companies that require it, without the need for an authorization request or Resolution by this Superintendency.

Register, communicate and publish.

SOCORRO HEYSEN ZEGARRA
Superintendent of Banking, Insurance and
Private Pension Fund Administrators