Lima, 5 June 2020

S.B.S. Resolution No. 1536-2020

The Superintendent of Banking, Insurance and Private Administrators of Pension Funds

WHEREAS:

That, by SBS Resolution No. 877-2020, the Regulation for Business Continuity Management is approved; hereinafter the Regulation, as well as amendments to the Regulation for Operational Risk Management, approved by SBS Resolution No. 2116-2009, and to the Corporate Governance and Comprehensive Risk Management Regulation, approved by SBS Resolution No. 272-2017;

That the Regulation seeks to enable supervised companies to develop a business continuity management system more sensitive and proportional to the size, nature and complexity of their operations;

That, by SBS Resolution No. 5570-2019, whose effective date was extended by SBS Resolution No. 1278-2020, various legal provisions were amended, including the Credit and Debit Card Regulation, approved by SBS Resolution No. 6523-2013, with the aim of strengthening security measures and safeguarding the rights of users of credit and debit cards, requiring for its achievement the technological adaptation and implementation of the systems used by supervised companies;

That, in order to achieve due compliance with the aforementioned amendments, it has been considered necessary to establish new deadlines for supervised companies to adapt to the provisions of SBS Resolution No. 877-2020 and SBS Resolution No. 5570-2019;

With the approval of the Deputy Superintendencies of Banking and Microfinance, of Private Administrators of Pension Funds, of Insurance, of Risks and of Legal Counsel; and,

In use of the powers conferred by numerals 7 and 9 of article 349 of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance, Law No. 26702 and its amendments, and subsection d) of article 57 of the Law of the Private Pension Fund Administration System, whose Single Ordered Text is approved by Supreme Decree No. 054-97-EF, and in view of the exceptional conditions set forth in

numeral 3.2 of article 14 of the Regulation approved by Supreme Decree No. 001-2009-JUS and its amendments;

RESOLVES:

Article One.- To replace Article Five of SBS Resolution No. 877-2020, as indicated below:

"Article Five.- This resolution enters into force on 1 January 2022, from which date Circular No. G-139-2009, Circular No. G-164-2012, as well as Circular No. G-180-2015, are rendered ineffective."

Article Two.- To repeal Article Six of SBS Resolution No. 877-2020.

Article Three.- To amend Article Twelve of SBS Resolution No. 5570-2019, whose effective date was extended by SBS Resolution No. 1278-2020, as indicated below:

"Article Twelve.- This Resolution enters into force on 1 January 2021, except as provided below:

(…)

iii) The changes applied to articles 15 and 18 contained in numeral 2 of Article One of this Resolution enter into force on 1 July 2021.

(…)"

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

Register, communicate and publish.

SOCORRO HEYSEN ZEGARRA
Superintendent of Banking, Insurance and
Private Administrators of Pension Funds