Regulatory Alerts2026-01-30
Added · Updated
Superintendent Resolution No. 012-2026-SMV/02
This Superintendent Resolution evaluates an appeal filed by Credicorp Capital S.A. Fund Management Company against a sanction of nine (9) UIT (S/ 39,600.00) for three grave infractions, including providing imprecise information to participants, failing to provide minimum advice, and not responding to a complaint within the established deadline. Credicorp sought a 50% reduction in the fine, arguing it had recognized responsibility as per Article 26 of the Sanctions Regulation. The resolution examines whether Credicorp's recognition was precise, clear, express, and unconditional, noting that the sanctioning authority considered that Credicorp's submission included arguments that qualified as defenses, which would negate the recognition and thus the eligibility for the fine reduction.
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