2026-03-03

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Superintendence Resolution No. 014-2026-SMV/10

Superintendence Resolution No. 014-2026-SMV/10 declares the reconsideration appeal filed by Diviso Fondos Sociedad Administradora de Fondos S.A. against Resolution No. 005-2026-SMV/10 unfounded, thereby upholding the sanction of 20.6715 UIT (S/ 109,597.43) imposed for eight minor infractions related to the late submission of periodic information. The resolution rejects the argument that the fine violates the principle of non-confiscation or reasonableness, confirming that the sanction was correctly applied under the Gradual Regime for Late Submission of Information and is proportional to the infringement of market transparency.

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