Regulatory Alerts2026-03-25
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Superintendent Resolution No. 032-2026-SMV/02
The Securities Market Superintendence (SMV) dismisses the appeal filed by Diviso Grupo Financiero S.A. against a sanction of 37.5 UIT for failing to timely present 2023 and 2024 financial statements and annual reports. The resolution confirms that the late submission of 2024 documents constitutes an omission rather than a late filing, thereby excluding the application of the Gradual Sanctions Regime which would have allowed a 50% reduction. The SMV upholds the original penalty, noting that while the subsequent submission serves as an attenuating factor, it does not alter the nature of the serious infractions or justify a different sanction tier.
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