Lima, 19 January 2010

S.B.S. Resolution No. 562-2010

The Superintendent of Banking, Insurance and
Private Pension Fund Administrators

WHEREAS:

That, by means of SBS Resolution No. 6328-2009 of 18 June 2009, the Regulation for the Effective Equity Requirement for Market Risk was approved, by means of which the methodology to be applied and the requirements to be met to calculate the effective equity requirement for market risk under the standard method or under internal models are established;

That, likewise, by means of the third article of SBS Resolution No. 6328-2009, the reports and their corresponding methodological notes that the companies must submit to the Superintendency in relation to the calculation of the effective equity requirement for market risk were incorporated into Chapter V “Complementary Information” of the Accounting Manual for Companies of the Financial System;

That, it has been deemed appropriate to amend the deadline for the submission of Report No. 2-B1 Annex 3 “Standard Method – Effective Equity Requirement for Foreign Exchange Risk”;

In accordance with the opinion of the Deputy Superintendencies of Banking and Microfinance, of Risks, of Economic Studies and of Legal Counsel; and,

In use of the powers conferred in numerals 7 and 13 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 amending norms.

RESOLVES:

Article One.- Replace article 9 “Information to the Superintendency” of the Regulation for the Effective Equity Requirement for Market Risk approved by SBS Resolution No. 6328-2009, with the following:

“Article 9.- Information to the Superintendency

The companies shall submit to the Superintendency, via SUCAVE, the reports indicated below, in accordance with their corresponding methodological notes:

• Report No. 2-B1 Annex 1-A “Standard Method - Effective Equity Requirement for Interest Rate Risk in the Trading Portfolio – Specific Risk”: It must be submitted by 15:00 hours on the fifth business day following the closing date of each month.

• Report No. 2-B1 Annex 1-B “Standard Method - Effective Equity Requirement for Interest Rate Risk in the Trading Portfolio – General Risk”: It must be submitted by 15:00 hours on the fifth business day following the closing date of each month.

• Report No. 2-B1 Annex 1-C “Standard Method – Summary of Effective Equity Requirement for Interest Rate Risk in the Trading Portfolio”: It must be submitted by 15:00 hours on the fifth business day following the closing date of each month.

• Report No. 2-B1 Annex 2 “Standard Method - Effective Equity Requirement for Price Risk in the Trading Portfolio”: It must be submitted by 15:00 hours on the fifth business day following the closing date of each month.

• Report No. 2-B1 Annex 3 “Standard Method- Effective Equity Requirement for Foreign Exchange Risk”: It must be submitted within a period not exceeding 15 calendar days after the end of the month to which the information corresponds.

• Report No. 2-B1 Annex 4 “Standard Method- Effective Equity Requirement for Commodities Risk”: It must be submitted by 15:00 hours on the fifth business day following the closing date of each month.

• Report No. 2-B2 “Internal Model” (Annexes A, B and/or C, the one corresponding to the methodology chosen for the internal model): During the transition period, in accordance with article 51 of the Regulation, it must be submitted by 15:00 hours on the fifth business day following the closing date of each month. Once authorization from the Superintendency for the use of internal models has been obtained, the results of the model must be submitted daily, by 15:00 hours on the following business day.”

Article Two.- This Resolution shall enter into force as from the information corresponding to the month of January 2010.

Register, communicate and publish.

FELIPE TAM FOX
Superintendent of Banking, Insurance and
Private Pension Fund Administrators