Resolution SMV No. 012-2026-SMV/01

PERÚ Ministry of Economy and Finance

SMV
"Year of Hope and Strengthening of Democracy"
Electronic document digitally signed under Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

Resolution SMV
No. 012-2026-SMV/01
Lima, August 27, 2026

SEEN:

File No. 2025049429 containing Joint Reports Nos. 1687-2025-SMV/06/11/12, 1905-2025-SMV/06/11/12 and 1234-2026-SMV/06/11/12, dated November 20 and December 24, 2025 and August 12, 2026; respectively; issued by the Legal Advisory Office, the Deputy Superintendency of Market Conduct Supervision and the Deputy Superintendency of Investigation, Development and Innovation, as well as the draft modification of the Regulation on Primary Public Offerings and Sale of Securities, approved by Resolution CONASEV No. 141-98-EF/94.10, of Resolution CONASEV No. 141-98-EF/94.10 and of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11;

CONSIDERING:

That, in accordance with what is provided in article 1 of the Unified Text of the Organic Law of the Securities Market Superintendency, approved by Legislative Decree No. 26126 and its amendments (hereinafter, ORGANIC LAW), the Securities Market Superintendency - SMV aims to ensure the protection of investors, the efficiency and transparency of the markets under its supervision, the correct formation of prices and the dissemination of all information necessary for such purposes, through regulation, supervision and promotion;

That, according to letter a) of article 1 of the ORGANIC LAW, the SMV has among its functions to issue the legal norms that regulate matters of the securities market, product market and collective fund system;

That, letter b) of article 5 of the ORGANIC LAW establishes that the Board of Directors of the SMV has the attribute to approve the regulations of the securities market, product market and collective fund system, as well as those to which natural and legal persons subject to the supervision of the SMV must be subject;

That, by Resolution CONASEV No. 141-98-EF/94.10 the Regulation on Primary Public Offerings and Sale of Securities was approved;

That, it is necessary to modify the Regulation on Primary Public Offerings and Sale of Securities, hereinafter REGULATION, in order to consolidate in a single regulatory body all the requirements of the administrative procedures for the registration of public offering securities, which can be processed under the general regime or under the advanced regime and that differ according to the type of security to be registered (shares, short-term instruments, bonds or others);

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That, requirements have been detailed for the registration of securities and/or programs in the Public Registry of the Securities Market (RPMV), the presentation of the Issuer's Internal Conduct Rules to inform its material events, a simple copy of the agreement adopted by the competent body of the issuer whereby it designates the Lead Broker and Alternate Broker; as well as a sworn declaration by the legal representative of the issuer indicating that the designated brokers meet the requirements and conditions to act as such, in accordance with what is established in the Regulation on Material Events and Reserved Information, approved by Resolution SMV No. 005-2014-SMV/01;

That, in accordance with what is established in the Regulation of the MVNet and SMV Virtual System, approved by Resolution SMV No. 004-2024-SMV/SMV/01, the possibility is incorporated that the regulated party may present in the procedure for registration of securities or issuance programs, a simple copy of the digital certification services contract signed with a registration, verification or certification entity duly accredited in accordance with what is provided in Law No. 27269, Law of Digital Signatures and Certificates, and its regulations, or in its defect, may present a simple copy of the payment receipt corresponding;

That, on the other hand, it is provided that the registration of the framework prospectus that consolidates the updates made in it, after three (3) years since the program was registered in the RPMV, qualifies in all cases as an automatic approval administrative procedure. This modification represents a flexibilization or simplification, considering that in the current regulation it was considered as a prior evaluation procedure. Likewise, it is established that, in case of non-compliance with the update obligation, it generates the impossibility of making new offerings, which will promote compliance with the minimum conditions of information transparency to the market;

That, in order to provide predictability, regarding the registration of variations in the offering, reference has been incorporated to letter L of the Third Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, in order for the regulated parties to identify the cases of fundamental and non-fundamental variations;

That, likewise, it is established that non-fundamental variations are registered under an automatic approval procedure, which contributes to speeding up and reducing compliance costs for participants in this market;

That, on the other hand, the conditions that an issuer must meet to qualify as a qualified entity in the framework of the registration of securities by primary public offering in the RPMV under the general regime of securities registration are updated;

That, likewise, for compliance with the requirements of presentation of documentation and information required for registration and/or recording through a general or advanced procedure, including the informative prospectus, it is specified that all issuers may incorporate by reference those documents and information (such as annual reports, quarterly reports, financial statements and other documents) that had been revealed and/or disseminated previously to

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the market through its presentation to the SMV, provided that it maintains its validity and currency;

That, on the other hand, it is established that the specific guarantees indicated in numeral 2 of letter c) of article 3 of Resolution CONASEV No. 141-98-EF/94.10, may be constituted by issuers in support of the issuance of bonds and short-term instruments, since by Law No. 29720 it was provided that the limit established in article 305 of the General Companies Law is not applicable, in the cases of issuance of obligations by primary public offering;

That, numerales I and II of the Second Section, of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11, have been replaced, in order for said numerales to only contain the formats for the drafting of informative prospectuses that must be used in the procedure for registration of securities and issuance programs in the RPMV, while the requirements for registration of securities and issuance programs have been transferred to the REGULATION;

That, the modifications indicated will allow greater efficiency in the attention of the administrative procedures provided for in the REGULATION, through the precision of the requirements, reduction of time incurred by the regulated parties, generating positive impacts that will also facilitate the access of current and new issuers to this segment of the securities market;

That, the Project was disseminated in public consultation on the Institutional Page of the Securities Market Superintendency on the Single Digital Platform of the Peruvian State for citizen orientation (www.gob.pe/smv), for fifteen (15) calendar days, in accordance with what is provided by Resolution SMV No. 020-2025-SMV/01, published on November 27, 2025 in the Official Journal El Peruano, period during which comments and suggestions were received on the published normative proposal, which allowed to enrich it;

That, two requests were presented before the Multisectorial Commission for Regulatory Quality (hereinafter, CMCR), one for an exception of the Ex Ante Regulatory Impact Analysis (hereinafter, AIR EX ANTE) of the PROJECT; and, another for validation of the Ex Ante Regulatory Quality Analysis (hereinafter, ACR EX ANTE) of the procedures contained in the PROJECT; and, as a result of the evaluation, the CMCR granted the exception of the AIR EX ANTE of the PROJECT, by virtue of the exception established in numeral 41.2 of article 41 of the Regulation of the General Law of Regulatory Improvement approved by Supreme Decree No. 023-2025-PCM, which was communicated to the SMV on April 22, 2026. Likewise, on August 7, 2026 it was communicated to the SMV that the CMCR declared the ACR EX ANTE of the procedures contained in the PROJECT apt; and,

Being in accordance with what is provided by letter a) of article 1 and letter b) of article 5 of the Unified Text of the Organic Law of the Securities Market Superintendency, Legislative Decree No. 26126 and its amendments;

numeral 2 of article 9 of the Organization and Functions Regulation of the Securities Market Superintendency, approved by Supreme Decree No. 216-2011-EF; articles 1 and 2 of the Policy on dissemination of normative projects, legal norms of a general nature, early agenda and other administrative acts of the SMV, approved by Resolution SMV No. 014-2014-SMV/01 and its amendment, as

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well as what was agreed by the Board of Directors of the SMV met in its session of August 25, 2026;

IT IS RESOLVED:

Article 1.- Letter b) of article 3, articles 12, 13, 14, 18, the first paragraph of article 22 and articles 29 and 31 of the Regulation on Primary Public Offerings and Sale of Securities, approved by Resolution CONASEV No. 141-98-EF/94.10, are modified, as follows:

"Article 3.- Terms and definitions

(...)

b) Qualified Entity: That issuer that has one or more securities registered in the Registry for a period of two (2) or more years, that has not been subject to the imposition of sanctions by the SMV, which have become final in the administrative sphere, other than admonition, in the last twelve (12) months for infractions committed in relation to its obligations as an issuer before the SMV or the securities market and, when applicable, does not have securities that have obtained, during the last of the mentioned periods, a risk category that implies a lack of presentation of sufficient information to the risk rating company. The Superintendent of the Securities Market adopts the pertinent measures to make available to the public, in an updated manner, the list of considered qualified entities."

"Article 12.- Requirements for the registration of the security and/or the registration of the informative prospectus

For compliance with the procedure for registration of the security or, in its case, the registration of the informative prospectus, the following is required:

a) The issuer and/or the offeror must present the documentation and information that is specifically required, taking into account whether it is a national or foreign issuer, public or private, as well as if the rights conferred by the securities are of participation, of credit or others, among other factors. These requirements are indicated in articles 13 and 14 of this Regulation; and,

b) Without prejudice to compliance with the requirements referred to in the previous letter, the issuer and/or the offeror, as applicable, must present to the Registry all the relevant documentation and information for the purposes of understanding the positive and negative implications of the proposed transactions, in order to be able to adopt informed decisions regarding them, to achieve information disclosure in the terms indicated in article 2 of this Regulation.

The registration and/or recording may be carried out from a general procedure or an advanced procedure, as indicated in the following articles."

"Article 13.- Registration of securities through General Procedure

13.1 Definition

It is the procedure under which an issuer that is going to carry out a single primary public offering and/or sale of securities registers such securities and registers the respective informative prospectus.

13.2 Documentation to be presented

The issuer must present a request attaching the documentation and information relating to it, to the offering and to the security to be issued, as indicated below:

A. Requirements for the registration of shares by national issuers through General Procedure

A.1 Requirements for the registration of shares of a society not registered in the Public Registries (constitution of societies) through General Procedure

A.1.1 General Provisions applicable to the primary public offering in national territory

For the registration of shares in the Registry, for the purpose of carrying out a primary public offering in national territory, the issuer must present the following documentation or information, as indicated:

A.1.1.1 Communication signed by the founders or, if applicable, by other offerors, requesting the registration of the shares and of the subscription certificates that are going to be issued, and the registration of the informative prospectus in the Registry. With respect to the shares, the identification of the class, the number of units and their other relevant characteristics must be indicated. Likewise, the approximate number of recipients of the offering is indicated, and if applicable, the segment of potential investors to which the offering is directed and the precision that it is a primary public offering;

A.1.1.2 Curriculum Vitae of the founders;

A.1.1.3 Model of the certificate where the subscription of shares is recorded, with the content indicated in article 59 of the Companies Law;

A.1.1.4 Model of the share certificate, provisional or definitive, in the case that they are going to be represented by titles, with the content indicated in article 100 of the Companies Law;

A.1.1.5 In the case of securities to be represented by book entry, a simple copy of the model of the minutes or instrument where their issuance and characteristics will be recorded is presented, and a declaration indicating that such characteristics are compatible with the requirements of the securities clearing and settlement institution that corresponds;

A.1.1.6 Informative prospectus, prepared in accordance with FORMAT OP1 of letter A.1, of section A, of numeral I, of the Second Section, of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments;

A.1.1.7. The information referred to in articles 8 and 9 of the Regulation on Indirect Ownership, Linkage, and Economic Groups, approved by Resolution SMV No. 019-2015-SMV/01, with respect to the society. This information must be complemented with that resulting from the subscription process once the society has been constituted.

In the case that the legal entity does not belong to an economic group, it must present a declaration to that effect;

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A.1.1.8 Letter(s) of consent of the contracted expert(s), in the case referred to in article 17, numeral 2, of this Regulation, if applicable;

A.1.1.9 Simple copy of the contract with the intermediation agent;

A.1.1.10 Simple copy of the request for registration in the stock exchange roll of the class of shares to be offered, conditioned on the placement of the securities in the terms provided;

A.1.1.11 Simple copy of the document that evidences the authorization or favorable opinion of the organism that exercises or is going to exercise supervision and control over such issuers, when its intervention corresponds;

A.1.1.12 Simple copy of the digital certification services contract signed with a registration or verification entity or certification entity duly accredited in accordance with the provisions of Law No. 27269, Law of Digital Signatures and Certificates, and its regulations; or a simple copy of the payment receipt for the acquisition of the digital certification service; and,

A.1.1.13 Number of receipt of income in the Treasury of the SMV or attach a simple copy of the deposit voucher in banks of the respective rights.

A.1.2 Specific Provisions applicable to:

A.1.2.1 The Exchange Public Offering

In the communication referred to in letter A.1.1.1, of numeral A.1.1, of letter A.1, of section A, of numeral 13.2, of article 13 of this Regulation, it must be indicated that it is an exchange public offering. Additionally, the requirements contemplated for the procedure for registration of securities by primary public offering are applicable.

A.1.2.2 International offerings that are carried out both in Peru and abroad

In the case of international offerings, the following must be presented:

(i) In the communication referred to in letter A.1.1.1, of numeral A.1.1, of letter A.1, of section A, of numeral 13.2, of article 13 of this Regulation, it must be indicated that it is an international offering to be carried out both in Peru and abroad. Additionally, the requirements contemplated for the procedure for registration of securities by primary public offering are applicable; and;

(ii) The informative prospectuses, as well as, when relevant, all other information and/or documentation that is going to be delivered to the public or private supervision organisms in the other markets, or that is made available to investors abroad, that has not been presented to the SMV.

A.2 Requirements for the registration of shares of a society registered in Public Registries through General Procedure

A.2.1 General Provisions applicable to the primary public offering in national territory

For the registration of shares in the Registry, for the purpose of carrying out a primary public offering in national territory, the following documentation and information must be presented, as indicated:

PERÚ Ministry of Economy and Finance

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Electronic document digitally signed under Law No. 27269, Law of Digital Signatures and Certificates, its regulations, and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml (i) Simple copy of the agreement adopted by the competent body of the issuer by which the designation of the Principal Stock Representative and Alternate is agreed; (ii) Sworn declaration by the legal representative of the issuer indicating that the designated stock representatives meet the requirements and conditions established in the Regulation on Material Facts and Confidential Information, approved by SMV Resolution No. 005-2014-SMV/01; (iii) Simple copy of the updated bylaws of the issuer signed by the main legal or administrative official of the issuer, which includes the pending bylaw modifications, identifying them; A.2.1.23 Number of deposit slip in the SMV Treasury or attach a simple copy of the bank deposit voucher for the respective fees; and, A.2.1.24 Information on the powers of the representative or authorized person to carry out the procedure: number of registry entry and number of registry entry where powers granted in the Public Registries are recorded; or a simple copy of the document where such powers are recorded. A.2.2 Specific Provisions applicable to:
A.2.2.1 The Public Sale Offer
A.2.2.1.1. In the case of the public sale offer, the following must be presented:
(i) The communication referred to in clause A.2.1.1 of numeral A.2.1, of letter A.2, of section A, of numeral 13.2, of article 13 of this Regulation, must be sent by the offeror, who requests the registration of the information prospectus, and when it concerns unregistered shares, their registration in the Registry, indicating that it is a public sale offer; (ii) What is stated in clause A.2.1.4, of numeral A.2.1, of letter A.2, of section A, of numeral 13.2, of article 13 of this Regulation, does not apply; (iii) Simple copy of the instrument that evidences the agreement or act by which the sale of the securities is decided; (iv) Simple copy of the document that evidences the authorization or favorable opinion of the body that exercises supervision and control over the offeror for the sale of the securities, when their intervention is applicable; and, (v) Number of deposit slip in the SMV Treasury or attach a simple copy of the bank deposit voucher for the respective fees; and, A.2.2.1.2. In the case referred to in numeral 2 of clause b) of article 11 of this Regulation, only the requirements stated in clauses A.2.1.1, A.2.1.5, A.2.1.6, A.2.1.8, A.2.1.9, A.2.1.12, A.2.1.15, A.2.1.23, and A.2.1.24 of numeral A.2.1, of letter A.2, of section A, of numeral 13.2 of article 13 of this Regulation are required. The corresponding communication must be sent by the offeror, who requests the registration of the information prospectus, indicating that it is a public sale offer and declaring to be a person distinct from those expressly stated in numeral 2 of clause b) of article 11 of this Regulation. A.2.2.2 The Public Exchange Offer The communication referred to in clause A.2.1.1, of numeral A.2.1, of letter A.2, of section A, of numeral 13.2, of article 13 of this Regulation must indicate that it is a public exchange offer. Additionally, the requirements contemplated for the registration procedure of securities by primary public offering apply. A.2.2.3 International offers to be made both in Peru and abroad In the case of international offers, the following must be presented:
(i) The communication referred to in clause A.2.1.1, of numeral A.2.1, of letter A.2, of section A, of numeral 13.2, of article 13 of this Regulation, additionally indicating that it is an international offer to be made both in Peru and abroad. Additionally, the requirements contemplated for the registration procedure of securities by primary public offering apply; and, (ii) The information prospectuses, as well as any other information and/or documentation that will be delivered to the public or private supervision bodies in the other markets, if relevant, or that is made available to investors abroad, which has not been presented to the SMV. B. Requirements for the registration of securities that grant a credit right from national issuers through General Procedure B.1 Requirements for the registration of bonds and short-term instruments from private issuers through General Procedure B.1.1 General Provisions applicable to the primary public offering exclusively within national territory For the registration of bonds and short-term instruments in the Registry, with the object of carrying out a primary public offering directed exclusively to the national market, the following documentation and information must be presented:
B.1.1.1 Communication from the issuer, or their authorized representative, requesting the registration of the securities and the registration of the corresponding information prospectus in the Registry. With respect to the securities, the identification of the class, the series, the number of units, and their other relevant characteristics must be indicated. Likewise, the approximate number and the segment of potential investors to whom the offer is directed are indicated, indicating that it is a primary public offering. It must also indicate the documentation that is not submitted because it was previously presented, which must maintain its full validity and effectiveness; B.1.1.2 Simple copy of the public deed of the social pact of the issuer, including the bylaws, with proof of registration in the Public Registries; B.1.1.3 Simple copy of the minutes or instrument that records the decision of the corresponding corporate body by which the issuance of the securities is carried out and their characteristics are fixed, as well as a simple copy of the documents where all agreements or acts that are complementary to the aforementioned agreement are recorded; B.1.1.4 Simple copy of the contract or act of issuance; B.1.1.5 Model of the title or certificate representative of the securities, in the case that it is to be represented by titles; B.1.1.6 In the case of securities to be represented by book entry, a simple copy of the model of the minutes or instrument where the issuance of the securities and their characteristics will be recorded is presented, and a declaration indicating that such characteristics are compatible with the requirements of the corresponding securities clearing and settlement institution; B.1.1.7 The information referred to in articles 8 and 9 of the Regulation on Indirect Ownership, Linkage, and Economic Groups, approved by SMV Resolution No. 019-2015-SMV/01. In the event that the legal entity does not belong to an economic group, a declaration to that effect must be presented; B.1.1.8 Information prospectus prepared in accordance with FORMAT OP3, of letter B.1, of section B, of numeral I, of the Second Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments; B.1.1.9 The financial information, as indicated below:
(i) Simple copy of the issuer's audited annual individual financial statements corresponding to the last two (2) economic years, duly approved by the general meeting of shareholders or the competent body or that is authorized according to the legislation applicable to it; (ii) Simple copy of the issuer's unaudited interim individual financial statements corresponding to the last quarterly period, duly approved by the competent body designated for such purpose; (iii) If applicable, simple copy of the issuer's audited annual consolidated financial statements corresponding to the last economic year, duly approved by the competent body; and, (iv) If applicable, simple copy of the issuer's unaudited interim consolidated financial statements corresponding to the last quarterly period, duly approved by the competent body. When, due to its date of incorporation, the issuer cannot meet any of the requirements indicated, it must present in its place the opening balance sheet; B.1.1.10 The risk classification reports of the securities to be registered, prepared by two (2) risk classification companies authorized by the SMV; B.1.1.11 The annual reports corresponding to the last two (2) economic years, when the period of incorporation allows, and is required by legal provision;

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B.1.1.22 Receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees; and, B.1.1.23 Information regarding the powers of the representative or authorized person to carry out the procedure: registry entry number and registry part number where the powers granted in the Public Registries are recorded; or a simple copy of the document where such powers are recorded.

B.1.2 Specific Provisions applicable to:

B.1.2.1 The Public Sale Offer
B.1.2.1.1. In the case of the public sale offer, the following must be presented:
(i) The communication referred to in item B.1.1.1, of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation, must be sent by the offeror, who requests the registration of the information prospectus, and when it concerns unregistered securities, their registration in the Registry, indicating that it is a public sale offer; (ii) Simple copy of the instrument that proves the agreement or act by which the sale of the securities is decided, when pertinent; (iii) Simple copy of the document that evidences the authorization or favorable opinion for sale issued by the body that exercises supervision and control over the offeror for the sale of the securities, when its intervention corresponds; and, (iv) Receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees;

B.1.2.1.2. In the case referred to in section 2 of item b) of article 11 of this Regulation, only the requirements indicated in items B.1.1.1, B.1.1.4, B.1.1.5, B.1.1.6, B.1.1.8, B.1.1.13, B.1.1.14, B.1.1.15, B.1.1.16, B.1.1.22, and B.1.1.23 of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation are required. The corresponding communication must be sent by the offeror, who requests the registration of the information prospectus, indicating that it is a public sale offer and declaring to be a person distinct from those expressly indicated in section 2 of item b) of article 11 of this Regulation.

B.1.2.2 The Public Exchange Offer
(i) The communication referred to in item B.1.1.1, of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation must indicate that it is a public exchange offer. Additionally, the requirements contemplated for the registration of securities by primary public offer apply.

B.1.2.3 International offers to be carried out both in Peru and abroad In the case of international offers to be carried out both in Peru and abroad, the following must be presented:
(i) The communication referred to in item B.1.1.1, of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation must state that it is an international offer to be carried out both in Peru and abroad. Additionally, the requirements contemplated for the registration of securities by primary public offer apply.

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(ii) The information prospectuses, as well as all other information and/or documentation that will be delivered to the public or private supervision bodies in the other markets, if relevant, or that is made available to investors abroad, which has not been presented to the SMV;

B.1.2.4 Specific Provisions applicable to typical securities of Qualified Entities If it concerns typical securities of Qualified Entities, they must comply with the requirements indicated in items B.1.1.1, B.1.1.3, B.1.1.4, B.1.1.5, B.1.1.6, B.1.1.8, B.1.1.10, B.1.1.22, and B.1.1.23 of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation; and present a sworn statement signed by the general manager of the issuer declaring that the latter qualifies as a Qualified Entity, according to what is indicated in letter b) of article 3 of this Regulation and that it is responsible for the information incorporated by reference in the corresponding information prospectus, and that this maintains its validity and effectiveness. If applicable, as appropriate, the requirements contained in items B.1.1.12; B.1.1.13, B.1.1.14, and B.1.1.16 of section B.1.1, of letter B.1, of subsection B, of section 13.2, of article 13 of this Regulation must be presented. Typical securities are those indicated in subsection A of Third Section of the Manual for Compliance with Requirements Applicable to Public Offers of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments.

B.1.2.5 Specific Provisions applicable to the registration of typical debt securities with a term of less than one year via the e-prospectus system in the General Procedure For the registration of typical debt securities with a term of less than one year via the e-prospectus system, the forms of said system are used, through which the electronic forms of the issuance act, information prospectus, and placement contract are completed, which are indicated in letter D of Third Section of the Manual for Compliance with Requirements Applicable to Public Offers of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its modifying norms. The registration of typical securities and the registration of the corresponding information prospectuses through the use of electronic formats in the e-prospectus system can only be requested by issuers who have at least one security registered in the Registry for a period of no less than twelve (12) months and always provided that they are up to date in the presentation of their information to the SMV. In that sense, it must comply with the following in the e-prospectus system:
(i) Complete the Registration Request Form;

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(ii) Complete the Information Prospectus Form; (iii) Complete the Issuance Act Form; (iv) Complete the Contract with Placement Agent Form; (v) Digitize document indicating receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees; (vi) Digitize simple copy of the minutes or instrument that records the decision of the corresponding social body by which the issuance of securities is carried out and their characteristics are fixed, as well as a simple copy of the documents where all agreements or acts that are complementary to the referred agreement are recorded; (vii) Digitize the Declaration that the securities are represented by book entries; (viii) Digitize the Responsibility Declaration duly signed corresponding to the Information Prospectus; (ix) Digitize the Signature Sheet of the Placement Contract; (x) Digitize the Report of Previously Issued Securities, as an annex to the Information Prospectus; (xi) Digitize the Report on the Tax Regime, as an annex to the Information Prospectus; (xii) Letter(s) of consent of the contracted expert(s), in the case referred to in section 2, of article 17, of this Regulation, when applicable; (xiii) Digitize the Purchase Order Model, as an annex to the Information Prospectus; (xiv) Digitize the risk classification reports of the securities to be registered, prepared by two (2) risk classification companies authorized by the SMV, as annexes to the Information Prospectus;

B.2 Requirements for the registration of securities, which grant a credit right, from state issuers via General Procedure

B.2.1 General Provisions applicable to the primary public offer in national territory For the registration of securities in the Registry, which grant a credit right, with the objective of carrying out a primary public offer in national territory, the following documentation and information must be presented:

B.2.1.1 Communication from the issuer, or their authorized representative, requesting the registration of the securities and the registration of the corresponding information prospectus. It must indicate regarding the securities, the identification of the class, the series, the number of units, and their other relevant characteristics. Likewise, it indicates the approximate number of recipients of the offer and the segment of potential investors to which the offer is directed, the indication that it is a primary public offer. It must also indicate, additionally, the documentation that is not sent because it has been presented previously, which must maintain its full validity and effectiveness;

B.2.1.2 Simple copy of the minutes that records the agreement of the municipal or metropolitan council, as applicable, by which the indebtedness, the issuance of the securities, and the fixing of their characteristics are approved, if relevant, as well as a simple copy of the documents complementary to the referred agreement;

B.2.1.3 Model of the title or certificate representing the securities, in the case that they are to be represented by titles, with the formalities established by the pertinent agreement;

B.2.1.4 In the case of securities to be represented by book entries, a simple copy of the model of the minutes or instrument where their issuance and characteristics will be recorded is presented, and a declaration indicating that such characteristics are compatible with the requirements of the corresponding securities compensation and clearing institution;

B.2.1.5 Simple copy of the documents related to the guarantees backing the securities to be issued, including their valuation or measurement; as well as those that establish rights, obligations, charges, limitations, or additional or complementary conditions to those contained in the documents presented, regarding potential subscribers or acquirers of the securities, if applicable;

B.2.1.6 Information prospectus prepared according to Format OP4 of section B.2, of subsection B, of section I, of Second Section of the Manual for Compliance with Requirements Applicable to Public Offers of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments;

B.2.1.7 The financial information, indicated below, according to its date of constitution:
(i) Simple copy of the issuer's audited annual individual financial statements corresponding to the last two (2) economic years, prepared according to applicable regulations; and, (ii) Simple copy of the issuer's unaudited interim individual financial statements corresponding to the last quarterly period prepared in accordance with applicable regulations; When, due to its date of constitution, the issuer could not have any of the requirements indicated, the opening balance sheet must be presented instead;

B.2.1.8 In cases where applicable, it must present the risk classification reports of the securities to be registered, prepared by two (2) risk classification companies authorized by the SMV;

B.2.1.9 Annual reports, corresponding to the last two (2) years, when the period of constitution allows, and is required by legal provision;

B.2.1.10 Letter(s) of consent of the contracted expert(s), in the case referred to in article 17, section 2, of this Regulation;

B.2.1.11 Contract with the intermediation agent, when its intervention corresponds;

PERÚ Ministerio de Economía y Finanzas

B.2.1.12 Simple copy of the document that evidences the authorization or favorable opinion of the body that exercises supervision and control over such issuers, when its intervention corresponds; B.2.1.13 Receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees; and, B.2.1.14 Information regarding the powers of the representative or authorized person to carry out the procedure: registry entry number and registry part number where powers granted in the Public Registries are recorded; or a simple copy of the document where such powers are recorded.

B.2.2 Specific Provisions applicable to:
B.2.2.1 The Public Sale Offer
B.2.2.1.1. In the case of the public sale offer, the following must be presented:
(i) The communication referred to in item B.2.1.1 of section B.2.1, of letter B.2, of subsection B of section 13.2, of article 13 of this Regulation, which must be sent by the offeror, who requests the registration of the information prospectus, and when it concerns unregistered securities, their registration in the Registry, indicating that it is a public sale offer; (ii) Simple copy of the instrument that proves the agreement or act by which the sale of the securities is decided, when pertinent; (iii) Simple copy of the document that evidences the authorization or favorable opinion for sale issued by the body that exercises supervision and control over the offeror for the sale of the securities, when its intervention corresponds; and, (iv) Receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees. B.2.2.1.2. In the case referred to in section 2 of item b) of article 11 of this Regulation, only the requirements indicated in items B.2.1.1; B.2.1.4; B.2.1.5; B.2.1.6; B.2.1.7, B.2.1.11, B.2.1.12, B.2.1.13, and B.2.1.14 of section B.2.1, of letter B.2, of subsection B, of section 13.2, of article 13 of this Regulation are required. The corresponding communication must be sent by the offeror, who requests the registration of the information prospectus, indicating that it is a public sale offer and declaring to be a person distinct from those expressly indicated in section 2 of item b) of article 11 of this Regulation; B.2.2.2 The Public Exchange Offer In the case of the public exchange offer, the communication referred to in item B.2.1.1, of section B.2.1, of letter B.2, of subsection B, of section 13.2, of article 13 of this Regulation must be presented, indicating that it is a public exchange offer. Additionally, the requirements contemplated for the registration of securities by primary public offer apply. B.2.2.3 International offers to be carried out both in Peru and abroad In the case of international offers to be carried out both in Peru and abroad, the following must be presented:

PERÚ Ministerio de Economía y Finanzas

(i) The communication referred to in item B.2.1.1, of section B.2.1, of letter B.2, of subsection B, of section 13.2, of article 13 of this Regulation must state that it is an international offer to be carried out both in Peru and abroad. Additionally, the requirements contemplated for the registration of securities by primary public offer apply; (ii) If applicable, simple copy of the instrument by which the Central Government approves external indebtedness or the guarantee of the Central Government, as applicable; (iii) The information prospectuses, as well as all other information and/or documentation that will be delivered to the public or private supervision bodies in the other markets, if relevant, or that is made available to investors abroad, which has not been presented to the SMV;

C. Requirements for the registration of other securities via General Procedure
C.1. General Provisions applicable to the primary public offer of other national securities from a national issuer for offer exclusively in national territory For the registration of securities in the Registry other than those referred to in subsections A and B, of section 13.2, of article 13 of this Regulation, with the object of a primary public offer directed exclusively to the national market, the following documentation and information must be presented:
C.1.1 Communication from the issuer, or their authorized representative, requesting the registration of the securities and/or registration of the corresponding information prospectus. It must indicate regarding the securities, the identification of the class, the series, the number of units, and their other relevant characteristics, when applicable. Likewise, it indicates the approximate number and the segment of potential investors to which the offer is directed, the indication that it is a primary public offer. It must also indicate, additionally, the documentation that is not sent because it has been presented previously, which must maintain its full validity and effectiveness; C.1.2 Simple copy of the instrument that proves the act by which the issuer of the security is constituted and the rules governing it are established; In its case, compliance with the formalities established by the applicable legal provisions for the celebration of the act or acts, as well as its registration in the Public Registries, must be accredited; C.1.3 Simple copy of the instruments where the acts by which the issuance and offer of the securities are agreed upon are recorded, and that by which the rights and obligations of those who subscribe or acquire the securities are established, when they are required by legal or conventional provisions and are applicable; In its case, the instruments where subsequent acts that complement them are recorded must be presented; C.1.4 Simple copy of the model of the title by which the securities are represented, with the content established by the current legal and complementary provisions, as applicable;

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del
"Year of Hope and Strengthening of Democracy"
Electronically signed document in the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

C.1.5. In the case of securities to be represented by book entry, a simple copy of the model of the minutes or instrument where their issuance and characteristics will be recorded must be presented, along with a declaration indicating that such characteristics are compatible with the requirements of the corresponding securities clearing and settlement institution;

C.1.6. The information referred to in Articles 8 and 9 of the Regulation on Indirect Ownership, Linkage, and Economic Groups, approved by Resolution SMV No. 019-2015-SMV/01.
In the event that the legal entity does not belong to an economic group, a declaration to that effect must be presented.

C.1.7. Simple copy of the documents related to the guarantees backing the securities to be issued, including their valuation or measurement; as well as those that establish rights, obligations, encumbrances, limitations or additional conditions to those contained in the documents presented, with respect to potential subscribers or acquirers of the securities, if applicable;

C.1.8. The information memorandum prepared in accordance with FORMAT OP5 of section C, of numeral I, of the Second Section of the Manual for Compliance with the Requirements applicable to Public Offers of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments;

C.1.9. The financial information indicated below, based on the date of its constitution:
(i) Simple copy of the issuer's audited annual individual financial statements corresponding to the last two (2) economic years, duly approved by the general meeting of shareholders or the competent body or that is authorized according to the legislation applicable to it; (ii) Simple copy of the issuer's unaudited interim individual financial statements corresponding to the last quarterly period, duly approved by the competent body designated for such purpose; (iii) If applicable, simple copy of the issuer's audited annual consolidated financial statements corresponding to the last economic year, duly approved by the competent body; and, (iv) If applicable, simple copy of the issuer's unaudited interim consolidated financial statements corresponding to the last quarterly period, duly approved by the competent body. When, due to its date of constitution, the issuing entity cannot have any of the requirements indicated, the opening balance sheet must be presented instead.

C.1.10. In applicable cases, the risk classification reports of the securities to be registered, prepared by two (2) risk classification companies authorized by the SMV;

C.1.11. Issuer's annual reports, corresponding to the last two (2) years, when the period of constitution allows, and is required by legal provision;

PERÚ Ministry of Economy and Finance

C.1.12. Letter(s) of consent of the expert(s) hired, in the case referred to in numeral 2, of Article 17 of this Regulation;

C.1.13. Contract with the intermediary agent, when its intervention is applicable;

C.1.14. Simple copy of the document evidencing the authorization or favorable opinion of the body that exercises supervision and control over such issuers, when its intervention is applicable;

C.1.15. Simple copy of the agreement of the general meeting of shareholders of the issuer or equivalent body of the legal entity in which the approval of the annual reports is recorded;

C.1.16. Simple copy of the digital certification services contract signed with a registration or verification entity or certification entity duly accredited in accordance with the provisions of Law No. 27269, Law of Digital Signatures, and its regulations; or a simple copy of the payment voucher for the acquisition of the digital certification service;

C.1.17. Internal Conduct Rules, prepared and approved in accordance with what is established in Article 19 of the Regulation on Material Facts and Confidential Information, approved by Resolution SMV No. 005-2014-SMV/01;

C.1.18. In the event that the issuer requests the registration of its first securities in the Registry, it must present:
(i) Simple copy of the agreement adopted by the competent body of the issuer whereby the designation of the Principal and Substitute Stock Representative is agreed upon; (ii) Sworn declaration by the legal representative of the issuer indicating that the designated stock representatives meet the requirements and conditions established in the Regulation on Material Facts and Confidential Information, approved by Resolution SMV No. 005-2014-SMV/01; and, (iii) Simple copy of the issuer's updated bylaws signed by the main legal or administrative official of the issuer, which includes the pending bylaw modifications to be registered, identifying them;

C.1.19. Simple copy of the agreement of the general meeting of shareholders of the issuer or of the equivalent body of the legal entity in which the approval of the financial information indicated in numeral C.1.9, of literal C.1., of section C, of numeral 13.2, of Article 13 of this Regulation is recorded;

C.1.20. Number of deposit receipt at the SMV Treasury or attach a simple copy of the bank deposit voucher for the respective rights; and,

C.1.21. Information on the powers of the representative or person authorized to carry out the procedure: number of registry entry and number of registry entry where powers granted in the Public Registries are recorded; or simple copy of the document where such powers are recorded.

C.2 Specific Provisions applicable to:

C.2.1 Securities issued under foreign legislation

PERÚ Ministry of Economy and Finance

In the case of securities issued under foreign legislation, in addition to the requirements contemplated in literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation, the following must be presented:

(i) The communication referred to in clause C.1.1, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation must mention that it concerns securities issued under foreign legislation;

(ii) As applicable, the legal instruments to be presented in accordance with what is required in literal C.1, section C, of numeral 13.2, of Article 13 of this Regulation, or their equivalents, complying with the formalities required in their country;

(iii) Regarding the instruments referred to in clause C.1, of section C, of numeral 13.2 of Article 13 of this Regulation, a report from a legal study regarding the legislation governing it must be presented, with respect to the provisions applicable to such acts and their validity having met the requirements, as applicable; and,

(iv) In the case of securities analogous to shares, what is provided in Article 83 of the Law is applicable.

C.2.2 Securities issued by autonomous patrimony

In the case of securities issued from autonomous patrimony, the requirements contemplated in literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation must be presented, and additionally the following must be taken into account:

(i) The communication referred to in clause C.1.1, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation must mention that it concerns securities issued by autonomous patrimony;

(ii) The provisions regarding the issuer of the security are understood to refer to the administrator entity of the autonomous patrimony;

(iii) The instrument referred to in clause C.1.2, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation is the one corresponding to the autonomous patrimony;

(iv) The information indicated in clauses C.1.6, C.1.9, C.1.11, C.1.15, C.1.16 and C.1.19, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation refers to the autonomous patrimony; and,

(v) The authorization or favorable opinion referred to in clause C.1.14, of literal C, of numeral 13.2, of Article 13 of this Regulation by the supervision and control entity of the autonomous patrimony, when its intervention is applicable;

C.2.3. Foreign issuers

In the case of foreign issuers, the requirements contemplated in literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation must be presented, taking into account the following:

(i) The communication referred to in clause C.1.1, of literal C.1, of section C, of numeral 13.2 of Article 13 of this Regulation must mention that it concerns a foreign issuer;

PERÚ Ministry of Economy and Finance

(ii) As applicable, the legal instruments to be presented in accordance with what is required in literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation; or their equivalents, complying with the formalities required in their country;

(iii) The issuer must present a declaration of submission to national legislation and to the competence of the administrative authorities and jurisdiction of the Peruvian judicial authorities, for the purposes of the obligations related to and derived from the registration of the security and/or registration of the information memorandum in the Registry;

(iv) The issuer must present a letter in which it commits to comply with one of the following requirements, for the time that its obligations derived from the Law and other regulatory norms subsist:
(a) Have and maintain a representative, with domicile in Peru and power duly registered in the Public Registries, who meets the following:

That it has the authority to provide a joint, unconditional and immediately enforceable bond at the sole request of the SMV with the issuer for the time that obligations may arise from sanctions imposed by the SMV, as a consequence of infractions that may be incurred with respect to what is provided in the Law and its complementary provisions in relation and for the purposes of the registration of the security in the Registry; and,
That it is a legal entity that has during the period referred to in numeral 1 above, a net worth equal to or greater than three hundred (300) Tax Units (UIT) or, is a natural or legal person that has during said period a bank guarantee for the amount and in the terms indicated above, or equivalent guarantee, for the obligations that the aforementioned representative may assume with respect to the acts indicated in numeral 1 above;
The guarantees can be constituted through any of the modalities provided in the legislation for the issuance of bonds, there must be a commitment to replacement within five (5) days of execution; or, (b) Have and maintain a branch established in Peru, with net assets in the country through said branch for an amount equal to or greater than that indicated in literal (a) above;

(v) The following documents in the terms indicated in numeral (iv), clause C.2.3, literal C.2, of section C of numeral 13.2 of Article 13 of this Regulation:
(a) Simple copy of the power of attorney and of the instruments that accredit the bond(s), and/or the guarantee, when applicable; (b) Simple copy of the record of establishment of the branch; and, (c) Sworn declaration of having the required net worth or assets; and,

(vi) The financial information referred to in clause C.1.9, of literal C.1, of section C, of numeral 13.2 of Article 13 of this Regulation, must comply with the following:

PERÚ Ministry of Economy and Finance

(a) The financial statements can be presented based on the accounting principles under which they were prepared, accompanied by a report, prepared by an audit firm with international presence, in which the existing differences between such principles and those used in Peru are described, and which points out what would be the modifications or repercussions on the presented financial statements if the latter had been used. (b) They can be presented in the currency in which they were prepared;

C.2.4 Securities representative of credit rights, issued by international public law legal persons, of a financial nature, whose existence emanates from international agreements mandatory for Peru.

In the case of securities representative of credit rights, issued by international public law legal persons, of a financial nature, whose existence emanates from international agreements mandatory for Peru, the following must be taken into account:

(i) The communication referred to in clause C.1.1, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation must mention that it concerns the registration of securities issued by international public law legal persons of a financial nature, whose existence emanates from international agreements mandatory for Peru. Likewise, the name or corporate name of the representative referred to in numeral (vii) below, of numeral C.2.4, of literal C.2, of section C, of numeral 13.2, of Article 13 of this Regulation must be indicated, as well as the data relating to its domicile, telephone, fax, electronic address and any other that allows knowing its location;

(ii) As applicable, the legal instruments to be presented in accordance with what is required in literal C.1, of section C, of numeral 13.2, of Article 13, of this Regulation, or their equivalents, complying with the formalities required in their country;

(iii) Instead of an information memorandum, equivalent information disclosure documents, prepared in accordance with international standards, which will be delivered to investors in the local market, can be presented. In the event that the same securities are also to be offered to investors abroad, the documents to be delivered to local investors must contain information equivalent to those to be delivered to investors abroad. The aforementioned information disclosure documents must address the legal and tax aspects that are of particular relevance to local investors, following what is indicated in numeral (6150) of the Common Standards for the Determination of the Content of Information Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, in what is applicable; Such information disclosure documents do not have the legal status of information memoranda, so the provisions of the Law referred to such memoranda do not apply to them; nevertheless, the aforementioned information disclosure documents must be made available to all investors prior to the placement of the securities;

(iv) The risk classification that must be presented, if obtained, is that issued by risk classification companies recognized as “nationally recognized statistical ratings organizations” (NRSRO) by the U.S. Securities and Exchange Commission (“SEC”) or other classifiers linked to them outside the United States of America, which had been issued with respect to the securities to be offered or, in default, other equivalent classifications issued by said risk classification companies;

(v) The financial information referred to in clause C.1.9, of literal C.1, of section C, of numeral 13.2 of Article 13 of this Regulation, must comply with the following:
(a) The financial statements can be presented on the basis of the generally accepted accounting principles under which they were prepared; (b) The audit of said financial statements can be carried out by an audit firm not constituted in Peru with international presence; and, (c) The periodicity of the information to be presented is no greater than annual, nevertheless, the periodicity is lower when so required by the norms applicable to the issuer. The economic year for the purposes of the preparation and presentation of the aforementioned financial information is that established by the norms governing the issuer;

(vi) The annual reports referred to in clause C.1.11, of literal C.1, of section C, of numeral 13.2, of Article 13 of this Regulation, are presented to the extent that the norms governing the aforementioned international public law legal persons provide for their preparation. In such a case, the norms regarding their preparation and presentation are those that are mandatory for said legal persons in accordance with the regulations applicable to them;

(vii) Have and maintain a representative for the time that its obligations derived from the Law and other regulatory norms subsist;

(viii) Any other information that the issuer must present to investors in the markets abroad where the securities it offers in Peru are traded; and,

(ix) The report referred to in numeral (iii) of clause C.2.1, of literal C.2, of section C, of numeral 13.2 of Article 13 of this Regulation.

C.2.5 The Public Offer of Sale

C.2.5.1. In the case of the public offer of sale, the following information must be presented:

(i) The communication referred to in clause C.1.1, of literal C.1, of section C, of numeral 13.2 of Article 13 of this Regulation, must be sent by the offeror, who requests the registration of the information memorandum,

PERÚ Ministry of Economy and Finance

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Document electronically signed digitally under the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations, and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml well-founded and jointly with the communication by which the inscription of the security in the Registry is requested according to subsections A, B and C of numeral 13.2, of
article 13 of this Regulation.”
“Article 14.- Inscription of securities issuance programs through Advanced Procedure
14.1 Definition
It is the procedure under which an issuer intending to carry out one or more primary public offers or sales in a certain period under a securities issuance program, inscribes this and registers the respective master prospectus for the inscription of securities and the subsequent or simultaneous registration of the complements of the master prospectus of the issuances to be carried out within the framework of that program.
14.2 Regarding the inscription of the issuance program and the registration of the master prospectus: application, documentation, applicable deadlines and validity of inscription
14.2.1 Documentation to present
The issuer must present an application for the inscription of the securities issuance program and the registration of the master prospectus, attaching the documentation and information relating to the issuer, the offers and the respective securities; as well as the documentation and additional information that result pertinent according to article 12 of the Regulation. Likewise, it must attach a master prospectus by virtue of which the offers are carried out, whose content is elaborated based on the general norms approved by the SMV. In addition, the master issuance contract and other master instruments that have been elaborated, by virtue of which the issuances or offers are carried out, must be presented; as indicated below:
A. Requirements for the approval of the Advanced Procedure for the inscription of securities issuance programs and registration of master prospectus for a private national issuer in the case of bonds and short-term instruments A.1 General Provisions applicable to the inscription of securities issuance programs and registration of master prospectus for a private national issuer through Advanced Procedure For the inscription of securities issuance programs and registration of master prospectus for a private national issuer (Advanced Procedure) the following documentation and information must be presented:
A.1.1 Communication from the issuer, or its authorized representative requesting the inscription of the issuance program and the registration of the corresponding master prospectus in the Registry. It must indicate in a general manner the types of securities regarding which offers can be carried out by virtue of the advanced procedure and, when established, the total amount or other limit applicable of securities that can be offered by virtue of this. It must indicate, likewise, the documentation that is not sent because it has been presented previously, which must maintain its full validity and effectiveness. A.1.2 Simple copy of the public deed of the social pact of the issuer, including the statute, with proof of inscription in the Public Registries; A.1.3 Simple copy of the minutes of the general shareholders' meeting, or the instrument where the agreement of the corresponding body is recorded, approving the carrying out of an advanced procedure, as well as simple copy of the documents where all agreements or complementary acts to said agreement are recorded; A.1.4 The information referred to in articles 8 and 9 of the Regulation on Indirect Ownership, Linkage, and Economic Groups, approved by SMV Resolution No. 019-2015-SMV/01; In the event that the legal entity does not belong to an economic group, it must present a declaration to that effect; A.1.5 Master informative prospectus elaborated according to FORMAT TA1 of subsection A, of numeral II, of Section Two of the Manual for Compliance with the Requirements Applicable to Public Offers of Securities, approved by General Manager Resolution No. 211-98-EF/94.11 and its amendments; A.1.6 The financial information, indicated below:
(i) Simple copy of the issuer's audited annual individual financial statements corresponding to the last two (2) economic years, duly approved by the general shareholders' meeting or the competent body or that is authorized according to the legislation applicable to it; (ii) Simple copy of the issuer's unaudited interim individual financial statements corresponding to the last quarterly period, duly approved by the competent body designated for such purpose; (iii) If applicable, simple copy of audited annual consolidated financial statements corresponding to the last economic year duly approved by the competent body; and, (iv) If applicable, simple copy of unaudited interim consolidated financial statements of the issuer corresponding to the last quarterly period duly approved by the competent body. When, due to its date of incorporation, the issuer could not have any of the requirements indicated, it must present in its place the opening balance sheet. A.1.7 Annual reports, corresponding to the last two (2) years, when the period of incorporation allows and is required by legal provision; A.1.8 Letter(s) of consent of the contracted expert(s), in the case referred to in numeral 2 of article 17 of this Regulation; A.1.9 Simple copy of the document evidencing the authorization or favorable opinion of the body exercising supervision and control over the issuer, as applicable; A.1.10 Simple copy of the master instruments, that have been elaborated, by virtue of which the issuances or offers are carried out, such as master issuance or placement acts or contracts, etc., as applicable; A.1.11 All contracts and documents related to the guarantees backing the securities to be issued within the framework of a program, including the procedure for their execution;

PERÚ Ministry of Economy and Finance

Document explaining the risk factors of the securities issuance program, as an annex of the Framework Prospectus;
Summary of the issuer's financial information, as an annex of the Framework Prospectus;
Coverages and safeguards to be considered within the securities issuance program, as an annex of the Framework Prospectus;
Description of the issuer's business, as an annex of the Framework Prospectus;
Description of the issuer's economic group, as an annex of the Framework Prospectus;
Organizational chart, board of directors and management team of the issuer, as an annex of the Framework Prospectus;
Description of the operations and development of the issuer, as an annex of the Framework Prospectus;

PERÚ Ministry of Economy and Finance

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría first registration and the modifications that have been agreed upon in accordance with what is provided in article 10 of this Regulation. For this purpose, all requirements established in the regulations must be met. Once the validity period of the program's registration has elapsed, such registration expires. Likewise, if no securities have been issued under the program or, if issued, the securities have been extinguished, the issuer may request the exclusion of the security from the Register and the cancellation of the program's registration.
14.3. Of the registration of the security and registration of the supplement to the base prospectus of an issuance within the framework of a previously registered issuance program: applicable application, documentation and deadlines
14.3.1. Documentation to be submitted
The issuer must submit an application for the registration of the security and the registration of the supplement to the base prospectus, accompanied by the documentation and information presented for the registration of the program and the registration of the base prospectus, duly updated, or alternatively accompanied by a statement to the effect that those documents are updated and maintain their validity and effectiveness. Likewise, to the extent that it has not been presented previously, the issuer must attach the specific documentation and information related to the security and the corresponding offering, as well as the additional information linked to these that is relevant in accordance with article 12 of this Regulation, including a supplement to the base prospectus, in accordance with the offering to be carried out as indicated below. A. Requirements for registration and/or registration The registration of securities and/or registration of the supplement to the base prospectus in the Register is carried out by complementing the documentation and information presented to the SMV for the purposes of the approval of the advance procedure or subsequently, depending on the type of security involved. To this end, the following documentation and information must be presented to the SMV:
A.1. Declaration signed by the duly authorized representative of the issuer, through which the registration of the securities and the registration of the corresponding supplement to the base prospectus is requested. With respect to the securities to be registered, the following must be indicated:
(i) The identification of the class, series, number of units and their other relevant characteristics, as applicable; (ii) Indication of the approximate number and the segment of potential investors to whom the offering is directed; and, (iii) Indication that this is a primary public offering. A.2. Simple copy of the minutes of the corresponding body in which the agreement to issue the securities is recorded and their characteristics are established. When the aforementioned agreement has been adopted by delegation, a simple copy of the corresponding minutes must be presented. Likewise, a simple copy of the documents in which all agreements or complementary acts related to the aforementioned agreement are recorded must be presented;

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría A.3. If applicable, simple copy of the documents related to the guarantees backing the securities to be issued, as well as those that establish rights, obligations, encumbrances, limitations or additional or complementary conditions to those contained in the documents presented, with respect to potential subscribers or acquirers of the securities; A.4. The base prospectus duly updated must be presented, or alternatively accompanied by a statement to the effect that said document is updated and maintains its validity and effectiveness; A.5. Sworn statement indicating that the annual audited or interim individual and/or consolidated financial statements as of the date of submission of the application have been presented to the SMV; and that such information is incorporated by reference into the information prospectus; A.6. Sworn statement indicating that the annual reports corresponding to the last two (2) economic years, if applicable, have been presented to the SMV; A.7. Letter of consent from the hired expert, in the case referred to in numeral 2 of article 17 of the Regulation for Primary Public Offering and Sale of Securities; A.8. Supplement to the base prospectus corresponding, for which the provisions of FORMAT TA-CP of section D of numeral II of the Second Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, are followed. A.9. Supplement to the Master Contract or Master Act, as applicable; A.10. Risk classification reports of the security prepared by two (2) risk classification companies authorized by the SMV. This requirement is only mandatory when it has been established that the risk classification is granted by issuance; and, A.11. Information on the powers of the representative or authorized person to carry out the procedure: registry entry number and registry section number where the powers granted are recorded in the Public Registries; or simple copy of the document in which said powers are recorded; and, A.12. Receipt number of deposit in the SMV Treasury or attach simple copy of the deposit voucher in banks of the respective fees.
14.3.2. General deadline
The registration of the security corresponding to an issuance and the registration of the supplement to the base prospectus are carried out within a maximum period of five (5) business days under a prior evaluation procedure subject to negative administrative silence, which is not subject to renewal. If the application for registration of the security and registration of the supplement to the base prospectus is submitted simultaneously with the registration of the issuance program and registration of the base prospectus (“Advance Procedure”), the registration and registration of the first two may be carried out jointly with the registration of the program and the registration of the base prospectus.
14.3.3. Special deadlines

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría a) The registration of a security issued within the framework of an issuance program, requested by Qualified Entities, as well as the registration of the corresponding supplement to the base prospectus, are carried out within the following deadlines:
(i) Automatic approval procedure, and is not subject to renewal, for cases of typical credit right representative securities whose maturity term is not greater than one year; and, (ii) Automatic approval procedure, and is not subject to renewal, for cases of Negotiable Deposit Certificates whose maturity term is not greater than one year, from companies of the National Financial System authorized to capture public deposits. b) The registration of a typical security and the corresponding registration of the supplement to the base prospectus through the use of electronic formats in the e-prospectus system requested by issuers who have at least one security registered in the Register for a period of not less than twelve (12) months and always that they are up to date in the presentation of their information to the SMV, are governed by an automatic approval procedure which is not subject to renewal;
14.4. Obligation to update information
The issuer must update the base prospectus, supplement to the base prospectus and other relevant information, including that indicated in articles 14, item 14.2.3., and 29 of this Regulation, prior to the formulation of the respective offering, which can only be carried out if such obligation has been met. The obligation to present information in accordance with the regulations of the securities market remains until the opportunity when the securities are excluded from the Register, regardless of whether the registration of the program under which it was issued, had expired. In the case of programs whose registration remains valid, under which no securities have been issued, or if issued, they are not currently valid, the obligation to present information remains during the validity period of its registration.
14.5 Documents or information in a language other than Spanish
The documents mentioned in paragraphs A, B and C of numeral 14.2 of article 14 of this Regulation must be presented in their original language and duly translated into Spanish (simple translation), with the exception of the financial information presented by international public legal entities of a financial nature, which may be presented in English. The presentation of the documents and information referred to in the paragraphs mentioned in the previous paragraph may be omitted when they do not correspond to the type of transaction to be carried out or the security to be offered. Likewise, the presentation of certain information may be dispensed with when it is impossible to obtain it because it is not within the reach of the obligated person without incurring unreasonable costs in relation to its relevance, according to the circumstances. The information referred to in article 34 of the Law may be requested to be kept confidential. In that case, the request must be duly justified and submitted jointly with the communication through which the registration of the security in the Register is requested according to paragraphs A, B and C of numeral 14.2 of article 14 of this Regulation.”

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría “Article 18.- Efficiency in the presentation of documentation and information required in each case For the purposes of complying with the requirements for the presentation of documentation and information required for registration and/or registration through a general or advance procedure, including the information prospectus, the documentation and information (annual reports, quarterly reports, financial statements and other documents) that have been previously revealed and/or disseminated to the market through their presentation to the SMV may be used, provided that it maintains its validity and effectiveness, which must be declared. Otherwise, the corresponding update must be presented. Likewise, in the case that issuing entities adhere to the option established in the third paragraph of article 1 of the Regulation for the Preparation and Presentation of Annual Reports, they may incorporate by reference the Annual Information Document. The phrase "incorporate by reference" indicates that the total or partial content of a certain document forms part of the document being presented, for all purposes, without the need to include its text. The documents incorporated by reference must be delivered to potential investors in a manner similar to the information prospectus, when they so request.” “Article 22.- Registration of the security and/or registration of the prospectus Once the verification referred to in the previous article has been completed, the corresponding General Supervision Directorate orders the registration of the security and/or the registration of the prospectus. (…)” “Article 29.- Variations in the Offering
29.1. By virtue of what is provided in article 58 of the Law, the information prospectus must be updated in the manner indicated below, so that, during the period in which the offering is carried out, such information reasonably complies with what is required by article 12 of this Regulation.
29.2. Fundamental variations are constituted by changes in the conditions of the offering or the program that may imply a variation in the risk level of the previously registered securities, in such a way that they may modify the investment decision of a reasonable investor.
The other variations, different from the definition mentioned above, are considered non-fundamental variations.
29.2.1. The deadline that the SMV provides for the registration of the fundamental variations referred to in item A, of numeral I, of literal L of the Third Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments is twenty (20) days with positive administrative silence which is not subject to renewal.
In the cases of fundamental variations during the validity of the placement referred to in item B, of numeral I, of literal L of the Third Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, the deadline is thirty (30) days with negative administrative silence which is not subject to renewal.
29.2.2. In the case of typical securities representative of credit rights, to be issued by Qualified Entities and whose maturity term is not greater than one year, the deadline that the SMV provides for the registration of fundamental variations referred to in item A, of numeral I, of literal L of the Third Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments is fifteen (15) days with positive administrative silence which is not subject to renewal;
29.2.3. In the case of Negotiable Deposit Certificates with a term not greater than one year to be issued through a primary public offering by companies of the National Financial System that are authorized to capture public deposits and that have the status of Qualified Entities, the registration of fundamental variations referred to in literal A of numeral I, of Literal L of the Third Section, of the Manual for compliance with the requirements applicable to public offerings of securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, is automatic which is not subject to renewal;
29.3. The non-fundamental variations referred to in numeral II, of literal L of the Third Section of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments; are registered under an automatic approval procedure and are not subject to renewal;
29.4. Likewise, any modification made to the information prospectus must be presented to the SMV, accompanied by the relevant documentation and information, prior to its delivery to investors, and the placement or sale must be suspended until the modification has been registered. The SMV is authorized to request that the amendments or expansions referred to in the second paragraph of article 21 be introduced, before making it available to investors.
The modification is carried out in accordance with the instructions established for the preparation of the information prospectus.
In the case referred to in the previous paragraph, the variation of the information disclosed to the public or to a segment of it must be disseminated through media and under similar conditions in which it was initially made. In the case that it has been established that the effects of an offering may be altered by the occurrence of certain events, rules regarding the consequences thereof with respect to the recipients of the offering or the investors must be contemplated. The variations referred to in this article cannot constitute a change in the nature of the offering previously made.
29.5. Requirements for the registration of updates of the Information Prospectus, Base Prospectus or Supplement to Base Prospectus in case of fundamental variations and non-fundamental variations

PERÚ Ministerio de Economía y Finanzas

SMV
Superintendencia del Mercado de Valores
“Decenio de la Igualdad de Oportunidades para Mujeres y Hombres” “Año de la Esperanza y el Fortalecimiento de la Democracia” Documento electrónico firmado digitalmente en el marco de la Ley N° 27269, Ley de Firmas y Certificados Digitales, su Reglamento y modificatorias. La integridad del documento y la autoría
29.5.1. In order to process the update procedure of the prospectuses referred to in article 29 of this regulation, in case of fundamental variations, the applicant must present the following:

Written request for the registration of the update of the Information Prospectus, Base Prospectus or Supplement to Base Prospectus, as applicable.
Simple copy of the corresponding agreement(s) in which the approval of the fundamental variations is recorded or the documentation supporting them, as applicable.
Updated information prospectus indicating the following information:
a. On the front cover of the information prospectus:
(i) Number of the update under the following reference: “Update No. [ ] of the [Information Prospectus / Base Prospectus / Supplement to Base Prospectus] corresponding to [Name of the Program or Issuance]”.
(ii) Date of the update of the document.
(iii) Indication of the document that updates or replaces (indicating the date of preparation of this). b. On the inside cover of the information prospectus:
(i) Declaration of responsibility for the content of the updated prospectus.
(ii) Name and signature of the persons responsible for the content of the update.
c. In the body of the updated prospectus:
(i) Indication of the number of paragraph or section of the information prospectus that is updated or number of page.
(ii) Drafting of the updated text of the paragraph or section to be included in the prospectus(es).
Receipt number of deposit in the SMV Treasury or attach simple copy of the deposit voucher in banks of the respective fees; and,
Information on the powers of the representative or authorized person to carry out the procedure: registry entry number and registry section number where the powers granted are recorded in the Public Registries; or simple copy of the document in which said powers are recorded.
29.5.2. In the case of non-fundamental variations, the items indicated in numerals 1, 3, 4 and 5 of item 29.5.1 must be presented and include the information supporting the change according to the type of non-fundamental variation at the discretion of the applicant.

PERÚ Ministerio de Economía y Finanzas

29.6. Requirements for the registration of the consolidated base prospectus submitted after three (3) years have elapsed since the validity of the issuance program's registration in the Registry

29.6.1. For the registration of the consolidated base prospectus submitted after three (3) years have elapsed since the validity of the issuance program's registration in the Registry, the issuer must present the following documents:

Written request for the registration of the consolidated base prospectus.
Consolidated base prospectus indicating the following information:
2.1. On the external face of the information prospectus:
(i) Number of the consolidation under the following reference: “Consolidated Base Prospectus No. [ ] corresponding to [Name of the Program]”.
(ii) Date of the consolidated prospectus.
2.2. On the internal face of the consolidated base prospectus:
(i) Declaration of responsibility for the content of the consolidated prospectus.
(ii) Name and signature of the persons responsible for the content of the consolidation.
2.3. In the body of the prospectus: Drafting of the consolidated text.
Receipt number of income in the SMV Treasury or attach a simple copy of the deposit voucher in banks for the respective fees; and,
Information on the powers of the representative or person authorized to carry out the procedure: registry entry number and registry file number where powers granted are recorded in the Public Registries; or a simple copy of the document recording said powers.”

“Article 31.- Provisions applicable to the Public Exchange Offer The public exchange offer is governed by the provisions of this Regulation regarding public offers of securities, those relating to public acquisition offers, as well as those that result applicable according to its characteristics.

In the case where an exchange offer entails the obligation to make a public acquisition offer, the information prospectus to be used must be prepared in accordance with what is established in Article 12 of this Regulation, and must contain the additional information referred to in Article 12 of the Regulation of Public Acquisition Offers and Purchase of Securities by Exclusion, approved by CONASEV Resolution No. 009-2006-EF/94.10.”

PERÚ Ministry of Economy and Finance

Article 2°.- The first part of numeral 2 and
numeral 3 of letter c) of Article 3 of CONASEV Resolution No. 141-98-EF/94.10 are modified, in the following terms:

“Article 3.- In the issuance of bonds
(…) c) (...)
2. The following are specific guarantees, which issuers may constitute in support of the
issuance of bonds:
(…)
3. In the cases of guarantee trusts regulated by the General Law of the Financial
System and of the Insurance System and Organic Law of the Superintendence of Banks and Insurance and Private Administrators of Pension Funds, constituted with the aim of backing an issuance or an issuance program of securities, the issuer or the fiduciary entity, according to what they have agreed and previously informed to the market, must comply with presenting the following information before the SMV:
(i) The financial statements of the pledged trust patrimony, at the times and deadlines established by the SMV for persons registered in the Public Registry of the Securities Market, considering what is provided in Article 31 of the Securities Market Law; (ii) Changes in fiduciary factors and/or members of the administrative commission or equivalent body, within the next business day of the corresponding appointment being made, attaching a copy of the accrediting instrument and, regarding the appointed person, the Curriculum Vitae and sworn declaration of not being subject to impediments to act as a fiduciary factor and/or member of the administrative commission; (iii) Quarterly report of the acts carried out by virtue of fiduciary ownership, and, in general, regarding the assets that make up the pledged trust patrimony, in the same deadlines established for the presentation of financial statements; (iv) Modifications in the clauses relating to the trust, within the next business day of being made, attaching, when applicable, the approval of the or the trustees; and, (v) Any information and/or documentation that the SMV requests from any of the parties, as well as that regarding the patrimony pledged in guarantee that backs the securities or the program or of the fiduciary society administering said patrimony, for the carrying out of its supervision and control tasks. The trustee is obliged to present the issuer with the corresponding information for the purposes of compliance with this letter.”

Article 3°.- Letter c) is incorporated into Article 4 of the
CONASEV Resolution No. 141-98-EF/94.10, in the following terms:

PERÚ Ministry of Economy and Finance

“Article 4.- In the issuance of short-term instruments:
(…) c) The following are specific guarantees, which issuers may constitute in support of the issuance of short-term instruments, those indicated in numeral 2) of letter c) of Article 3 of this resolution.”

Article 4°.- Numeral I, of Section
Second, of the Manual for Compliance with the Requirements Applicable to Public Offers of Securities, approved by General Management Resolution No. 211-98- EF/94.11 is replaced in the following terms:

“I. GUIDE FOR PREPARING THE INFORMATION PROSPECTUS TO BE PRESENTED IN THE GENERAL PROCEDURE FOR REGISTRATION OF SECURITIES AND/OR REGISTRATION OF PROSPECTUSES A. Formats for preparing the information prospectus to be presented in the procedure for registration of shares by national issuers through General Procedure A.1. Format for preparing the information prospectus to be presented in the procedure for registration of shares by a society not registered in the Public Registries (constitution of societies) through General Procedure FORMAT OP1 Information prospectus:
Public offer of shares of a society not registered in Public Registries INSTRUCTIONS

The instructions contained in the Common Norms for the
Determination of the Content of Information Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Norms.
The information that has been grouped in the mentioned norms
under the subtitle of “Specific Provisions” corresponding to the transaction to be developed must be included, even if it has not been explicitly indicated in this format.
That information whose determination depends on the placement procedure
must be indicated by blank spaces in the information prospectus.
CONTENT
Section I. External and internal faces of the prospectus and table of contents
External face: (1111); (1116); if applicable: (1119);

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Norms for the
Determination of the Content of Information Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Norms.
The information that has been grouped in the mentioned norms
under the subtitle of “Specific Provisions” corresponding to the transaction to be developed must be included, even if it has not been explicitly indicated in this format.
That information whose determination depends on the placement procedure
must be indicated by blank spaces in the information prospectus.
Distribution of securities through preferential subscription certificates: In the
prospectuses prepared in compliance with what is established in the third paragraph of the Fourth Final Provision of the Regulation of Primary Public Offer and Sale of Securities, approved by CONASEV Resolution 141-98-EF/94.10, only the incorporation of the information corresponding to sections I, III, IV, V, the information relative to the preferential subscription certificate, and the annexes that correspond is mandatory. CONTENT
Section I. External and internal faces of the prospectus and table of contents
External face: (1111); if applicable: (1119);
Internal face: (1121); if applicable (1127);
Table of contents: (1130).
Section II. Executive-financial summary
(2100); (2200).
Section III. Risk factors
(3100).
Section IV. Application of captured resources
(4200).
Section V. Description of the offer
(5100); (5200).

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Norms for the
Determination of the Content of Information Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Norms.
The information that has been grouped in the mentioned norms
under the subtitle of “Specific Provisions” corresponding to the transaction to be developed must be included, even if it has not been explicitly indicated in this format.
That information whose determination depends on the placement procedure
must be indicated by blank spaces in the information prospectus.
CONTENT
Section I. External and internal faces of the prospectus and table of contents
External face: (1111); if applicable: (1119);
Internal face: (1121); if applicable (1127);
Table of contents: (1130).
Section II. Executive-financial summary
(2100); (2200).

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Norms for the
Determination of the Content of Information Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Norms.
The information that has been grouped in the mentioned norms
under the subtitle of “specific provisions” corresponding to the transaction to be developed must be included, even if it has not been explicitly indicated in this format.
That information whose determination depends on the placement procedure
must be indicated by blank spaces in the information prospectus.
For the purposes of preparing the information prospectus, the mentions to
“business” included in the Norms are understood to refer to the activity carried out by the issuing entity.
CONTENT
Section I. External and internal faces of the prospectus and table of contents
External face: (1111); if applicable: (1119);
Internal face: (1121); if applicable (1127);
Table of contents: (1130).
Section II. Executive-financial summary

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Standards for the Determination of the Content of Informational Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Standards.
The information that has been grouped in the aforementioned Standards under the subtitle “Specific Provisions” corresponding to the transaction to be carried out must be included, even if it has not been explicitly indicated in this format.
That information whose determination depends on the placement procedure must be indicated by blank spaces in the informative prospectus.
Distribution of securities through preferential subscription certificates: In the prospectuses prepared in compliance with what is provided in the third paragraph of the Fourth Final Provision of the Regulation of Primary Public Offering and Sale of Securities, only the incorporation of the information corresponding to sections I, III, IV, V, the information relating to the preferential subscription certificate, and the corresponding annexes is mandatory.

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Standards for the Determination of the Content of Informational Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Standards.
The information that has been grouped in the aforementioned Standards under the subtitle “Specific Provisions” corresponding to the transaction to be carried out must be included, even if it has not been explicitly indicated in this format.
CONTENT
Section I. Outer and inner faces of the prospectus and table of contents
Outer face: (1211); and the applicable specific provisions; Inner face: (1221); and the applicable specific provisions;
Table of contents: (1230).
Sec. II. Executive financial summary
(2000).
The inclusion of the information contained in (2100) and in (2200), letter e) is optional.
Sec. III (3000), as applicable.
Sec. IV-VI. (4000); (5000); (6000).
The information is included generically so that the various options that may correspond to the emissions that are carried out within the framework of the program are shown.
Issuance program (6600), if applicable.
Sec. VII-IX. (7000); (8000); (9000).
The information is included in full, as applicable.
SPECIAL OFFERS

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Standards for the Determination of the Content of Informational Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Standards.
The information that has been grouped in the aforementioned Standards under the subtitle “Specific Provisions” corresponding to the transaction to be carried out must be included, even if it has not been explicitly indicated in this format.
CONTENT
Section I. Outer and inner faces of the prospectus and table of contents
Outer face: (1211); and the applicable specific provisions; Inner face: (1221); and the applicable specific provisions;
Table of contents: (1230).
Sec. II. Executive financial summary
(2000).
The inclusion of the information contained in (2100) and in (2200), letter e) is optional.
Sec. III (3000), as applicable.
Sec. IV-VI. (4000); (5000); (6000).
The information is included generically so that the various options that may correspond to the emissions that are carried out within the framework of the program are shown.
Issuance program (6600), if applicable.
Sec. VII-IX (7000); (8000); (9000).
The information is included in full, as applicable.
C. Formats for the preparation of the informative prospectus to be presented in the
Advance Procedure for registration of issuance programs of securities and registration of framework prospectus for other issuers

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Standards for the Determination of the Content of Informational Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Standards.
The information that has been grouped in the aforementioned Standards under the subtitle “Specific Provisions” corresponding to the transaction to be carried out must be included, even if it has not been explicitly indicated in this format.
CONTENT
Section I. Outer and inner faces of the prospectus and table of contents
Outer face: (1211); and the applicable specific provisions; Inner face: (1221); and the applicable specific provisions;
Table of contents: (1230).
Sec. II. Executive financial summary
(2000).
The inclusion of the information contained in (2100) and in (2200), letter e) is optional.
Sec. III (3000), as applicable.
Sec. IV-VI. (4000); (5000); (6000).
The information is included generically so that the various options that may correspond to the emissions that are carried out within the framework of the program are shown.
Issuance program (6600), if applicable.
Sec. VII-IX. (7000); (8000); (9000).
The information is included in full, as applicable.
D. Formats for the preparation of the informative prospectus to be presented in the procedure for registration of the security and registration of the complement of the framework prospectus of an issuance within the framework of a previously registered issuance program FORMAT TA-CP ADVANCE PROCEDURE: ALL ISSUERS

PERÚ Ministry of Economy and Finance

The instructions contained in the Common Standards for the Determination of the Content of Informational Documents approved by General Management Resolution No. 211-98-EF/94.11 and its amendments are applicable. The coded references included in this format correspond to said Standards.
The information that has been grouped in the aforementioned Standards under the subtitle “Specific Provisions” corresponding to the transaction to be carried out must be included, even if it has not been explicitly indicated in this format.
COMPLEMENT OF THE FRAMEWORK PROSPECTUS
The formats contemplated in
“I. GENERAL PROCEDURE FOR REGISTRATION OF SECURITIES AND/OR REGISTRATION OF PROSPECTUSES” of the Manual for Compliance with the Requirements applicable to Public Offerings of Securities, approved by General Management Resolution No. 211-98-EF/94.11 and its amendments, as applicable to the security to be offered, are applicable as a complement to the framework prospectus, considering the following clarifications:
Section I. The information in this section is replaced by the following content:
Outer and inner faces of the prospectus and table of contents Outer face: (1311); and the applicable specific provisions; Inner face: (1321); and the applicable specific provisions;
Table of contents: (1330).
Sec. II. The inclusion of the content of this section is optional.
Sec. III-IX. The content of these sections must specifically reflect the characteristics corresponding to each offer to be made by virtue of the advance procedure, for which purpose references to the sections corresponding to the framework prospectus may be included, provided that in aggregate the information made available to investors equates to that provided in a prospectus corresponding to the general procedure.”
Article 6°.- The first part of subsection II,
of letter L of Section Third of the Manual for Compliance with the Requirements Applicable to Public Offerings of Securities, approved by Resolution General Management No. 211-98-EF/94.11, is modified in the following terms:
“II. NON-FUNDAMENTAL VARIATIONS:
Non-fundamental variations correspond to modifications in the conditions of the offer or program indicated below:
(…)”.

PERÚ Ministry of Economy and Finance

Lineage: No known changes

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