SUPERINTENDENCY OF BANKING, INSURANCE AND AFP Republic of Peru

Lima, 4 May 2016

Resolution S.B.S. No. 2579-2016

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

WHEREAS:

That, by means of the first article of Resolution SBS No. 1041-2016 of 26.02.2016, the Investment Regulation of Insurance Companies, hereinafter the Regulation, was approved;

That, by means of the Fourth Final and Transitory Provision of the Regulation, it was established that companies must submit to the Superintendency the adaptation plans, duly supported and approved by their boards of directors, within a period not exceeding ninety (90) calendar days following the entry into force of the aforementioned Regulation;

That, in order to provide greater facilities to the process of preparation, support, approval and submission of the aforementioned adaptation plans, it has been deemed appropriate to modify the maximum period for their submission to this Superintendency;

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

In use of the powers conferred by numerals 7 and 13 of article 349 of the General Law; and, in accordance with the exception conditions set forth in numeral 3.2 of article 14 of Supreme Decree No. 001-2009-JUS;

RESOLVES:

Article One.- To modify to one hundred twenty (120) calendar days the maximum period for the submission of the adaptation plans, established in the Fourth Final and Transitory Provision of the Investment Regulation of Insurance Companies, approved by the first article of Resolution SBS No. 1041-2016. This period must be counted from the date of entry into force of the aforementioned Regulation.

SUPERINTENDENCY OF BANKING, INSURANCE AND AFP Republic of Peru

Article Two.- This resolution enters into force as of the day following its publication in the Official Gazette El Peruano.

Register, communicate and publish.

JAVIER MARTIN POGGI CAMPODÓNICO
Superintendent of Banking, Insurance and
Private Pension Fund Administrators (e)