Regulatory Alerts2022-07-25 | Resolución SBS 2325-2022Added · Updated
Resolution SBS No. 2325-2022: Amend Provisions Regarding the Transfer and Relocation Process of an Affiliate in the Private Pension System
This resolution modifies the regulatory framework for the transfer and relocation of affiliates within Peru's Private Pension System (SPP) to allow for both in-person and remote procedures, including the use of digital channels and optional sales promoter assistance. It establishes specific operational timelines, requiring the destination AFP to notify the Superintendency and the origin AFP within one day of the first 23 days of the month, with the Superintendency verifying eligibility and notifying decisions the following day. The rules also mandate that the destination AFP inform affiliates of the request status and the first month of accrual within three business days after the verification period, while introducing stricter cybersecurity and identity verification requirements for digital transactions.
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