Regulatory Alerts2025-06-13
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Resolution SMV No. 009-2025-SMV/01
Resolution SMV No. 009-2025-SMV/01 amends Articles 14, 17, and 20 of the Common Rules for entities requiring SMV authorization to exempt collective fund management companies from specific corporate governance requirements. The modification removes the obligation for these companies to have independent directors and to ensure that the general manager and board president are different individuals. These changes are implemented to comply with a decree declaring such requirements unreasonable bureaucratic barriers, while maintaining the requirement for a board of directors for other entity types.
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