Superintendent Resolution No. 157-2025-SMV/02

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 1 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml Superintendent Resolution No. 157-2025-SMV/02 Lima, December 30, 2025 The Superintendent of the Securities Market HAVING SEEN:
File No. 2025049842 and Report No. 1901-2025-
SMV/12.1 dated December 24, 2025, issued by the General Intendancy of Investigation and Innovation with the ruling of the Assistant Superintendent of Investigation, Development and Innovation; CONSIDERING:
That, by Superintendent Resolution No. 075-2023- SMV/02 published in the Official Gazette El Peruano on September 30, 2023, the operating authorization as a Platform Administrator for Participatory Financial Financing was granted to Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing (hereinafter, INVERSIONES NEURONA), then named Bloom Crowdfunding S.A.C. Platform Administrator for Participatory Financial Financing; That, Article 17 of the Regulations on the Activity of Participatory Financial Financing and its Administrator Companies (hereinafter, REGULATIONS), establishes that the operating authorization of the administrator company is of indefinite validity and can only be suspended or revoked by the Securities Market Superintendence (SMV) in the cases provided for in paragraph 14 of Article 3 of the Consolidated Text of the Organic Law of the Securities Market Superintendence, approved by Legislative Decree No. 26126 (hereinafter, ORGANIC LAW); in paragraph 21.2 of Article 21 of Urgency Decree No. 013-2020, Urgency Decree that promotes financing for SMEs, entrepreneurs and startups, or cancelled at the request of the administrator company itself; That, according to what is established by Article 3, paragraph 14, letter i), of the ORGANIC LAW, the Superintendent of the Securities Market is empowered to automatically suspend the operating authorization granted to legal entities under its supervision and control, without it being necessary to initiate an administrative sanctioning procedure, among other cases, when they cease to observe any of the requirements necessary for their operation or functioning. Likewise, in case of persistence of the non-compliance that originates the suspension, the Superintendent of the Securities Market may revoke the operating authorization without it being necessary to initiate an administrative sanctioning procedure; That, Article 56 of the REGULATIONS provides that the suspension of the operating authorization of an administrator company occurs

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 2 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml in cases such as when it ceases to comply with any of the requirements necessary for its functioning; That, Article 22 of the REGULATIONS provides that Platform Administrators for Participatory Financial Financing must at all times have a minimum share capital equal to or greater than the updated amount of S/ 300,000.00 (Three Hundred Thousand and 00/100 soles), fully subscribed and paid in cash; That, likewise, paragraph 22.2 of Article 22 of the REGULATIONS establishes that this amount is of constant value and is updated annually, at the end of each fiscal year, based on the Wholesale Price Index at National Level published periodically by the National Institute of Statistics and Informatics. The base of said index is considered to be the number published for the month of January 2021. Therefore, the amount of minimum share capital required for Platform Administrators for the year 2025 is S/ 352,127.37 (three hundred fifty-two thousand one hundred twenty-seven with 37/100 soles); That, likewise, Article 23 of the REGULATIONS provides that the amount of net equity of the administrator companies cannot be lower than the amount of minimum share capital after the first twenty-four (24) months of obtaining the operating authorization as an Administrator Company. On the other hand, paragraph 23.5 of said Article provides that, in case of incurring a net equity deficit, it must be covered within thirty (30) calendar days counted from the occurrence of any of the following situations, whichever occurs first: i) the start of the fiscal year due to the update of the minimum amount, ii) date of submission of the financial statements that show this situation, or iii) the date on which the SMV notifies the administrator company of the verification of the deficit; having, within said period, to send to the SMV a copy of the public deed of capital increase and the corresponding registration certificate in the Public Records; That, by Letter No. 6551-2025-SMV/12.1, dated November 12, 2025, INVERSIONES NEURONA was requested to present its financial statements as of the end of October 2025. In response to this request, on November 19, 2025, INVERSIONES NEURONA submitted the referred financial statements, in which it was noted that its net equity amounted to S/ 293,386.00, an amount lower than the minimum share capital required for the year 2025, representing a net equity deficit of S/ 58,741.37 (Fifty-eight thousand seven hundred forty-one and 37/100 soles). It should be noted that this amount is exigible from October 01, 2025, after the first 24 months have passed of
granting its operating authorization as an administrator company; That, in view of the above, by Letter No. 6712- 2025-SMV/12.1, notified on November 19, 2025, INVERSIONES NEURONA was informed that, in accordance with what is established in paragraph 23.5 of Article 23 of the REGULATIONS, it must cover the referred net equity deficit within thirty (30) calendar days counted from the notification of said letter, having to send to the SMV a copy of the public deed of capital increase, as well as the corresponding registration certificate in the Register of Legal Entities of the National System of Public Records;

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 3 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml That, after the period established in the REGULATIONS for correcting the deficit expired, INVERSIONES NEURONA does not comply with one of the requirements necessary for its functioning as an administrator company; That, in this context, the suspension of the operating authorization is presented as a necessary temporary measure to protect immediately the interest of investors, recipients and other participants in the market, whose execution can be carried out without prejudice to the administrative sanctioning procedures that may be initiated, if applicable, against INVERSIONES NEURONA; That, in this way, the suspension of the operating authorization of INVERSIONES NEURONA implies the impossibility for this administrator company to carry out the operations for which it is authorized by the SMV. This is until said administrator company proves that it has reversed its net equity deficit situation; That, in accordance with what is established by Article 12, paragraph 6, of the Regulations on Organization and Functions of the SMV, approved by Supreme Decree No. 216-2011-EF and amendments (hereinafter, ROF), it is the Superintendent of the Securities Market who is in charge of suspending the operating authorization granted to legal entities under the supervision of the SMV, without it being necessary to initiate an administrative sanctioning procedure; That, in such sense, it corresponds to the Superintendent of the Securities Market to order the suspension of the operating authorization of the Platform Administrators for Participatory Financial Financing that cease to comply with the requirements necessary for their functioning; and, Being in accordance with what is established by Article 12, paragraph 6 and the
Article 51, paragraph 11, clause v. of the Regulations on Organization and Functions of the
Securities Market Superintendence, approved by Supreme Decree No. 216- 2011-EF; and Article 56 of the REGULATIONS; RESOLVES:
Article 1.- Suspend the operating authorization
granted to Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing, for not having the required net equity for its functioning.
Article 2.- The suspension of the operating authorization
of Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing will remain in effect for a period of thirty (30) calendar days, unless, before said period, the administrator company proves that it has reversed its net equity deficit situation, in accordance with what is established in
Article 23 of the REGULATIONS.
Article 3.- Inversiones Neurona S.A.C. Platform
Administrator for Participatory Financial Financing must carry out the obligation to inform the Securities Market Superintendence, on the day following the execution of the measure and under responsibility, via inventory, the resources

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 4 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml pending delivery of ownership to investors, maintained in the accounts destined to channel funds from recipients and investors.
Article 4.- The suspension measure ordered does
not exempt Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing from complying with its obligations incurred in the market prior to the suspension decreed, nor from compliance with said obligations during the suspension period, insofar as it is pertinent.
Article 5.- Publish this resolution on the
institutional page of the Securities Market Superintendence on the Digital Platform Unified of the Peruvian State (www.gob.pe/smv).
Article 6.- This resolution will enter into force
on the day following its notification to Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing.
Article 7.- Notify this resolution to
Inversiones Neurona S.A.C. Platform Administrator for Participatory Financial Financing. Register, communicate and publish. Zósimo Juan Pichihua Serna Superintendent of the Securities Market