Regulatory Alerts2025-11-25
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Resolution SMV No. 023-2025-SMV/01 Modifying the Regulation of Risk Rating Agencies
Resolution SMV No. 023-2025-SMV/01 modifies Articles 7, 8, and 9 of the Regulation of Risk Rating Agencies to streamline the administrative authorization process for risk rating companies. The amendments standardize application requirements, explicitly list required manuals and sworn declarations, and allow payment vouchers to substitute digital certification contracts. The resolution establishes a thirty-day resolution period for operating authorization, confirms that the procedure is subject to negative administrative silence, and mandates publication in the Official Gazette and the SMV website.
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