2026-07-02
Added · Updated
Resolution SMV No. 008-2026-SMV/01 amends the Regulation on Public Offers for Acquisition and Purchase of Securities by Exclusion and the Regulation on the Public Registry of Securities to enhance market transparency and investor protection. The resolution abolishes the SMV's role in selecting valuation entities, allowing obligated parties to directly appoint them, and modifies administrative procedures for registering prospectuses and notices by introducing a positive administrative silence mechanism with a ten-business-day resolution deadline and a five-business-day correction period. It also updates the validity period of offers to begin two business days after registration approval and clarifies the content requirements for board reports regarding offer reasonableness and related agreements.
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