Peru

The SMV fined the fund manager 12.24 UIT (S/ 57,910.50, halved from S/ 115,821.00 for admitting responsibility) for eight material-event notices filed 20 to 207 days late on excess investments in the Coril Cash Conservador Soles fund. The SMV found no proven economic harm or illicit gain.

The SMV issued a warning (no fine) for one minor infraction: not proving that it sent a member the assembly calendars for three contracts between March and August 2022, following a complaint. The resolution text was read in full.

The SMV fined the company 1.751 UIT (S/ 8,667.45, halved from 3.502 UIT for admitting responsibility) for one minor infraction: filing the 2022 audited financial statements and auditor's report for the FIBRA PRIME trust estate on 4 April 2023, four days after the 31 March 2023 deadline. The decision was open to reconsideration within 15 business days.

The SMV fined the fund manager 1.545 UIT (S/ 7,107.00, halved from 3.09 UIT for admitting responsibility) for one minor infraction: filing a material-event notice on shareholder-meeting agreements of 17 October 2022 (legal reserve and cash profit distribution) on 6 February 2023, 112 days late. Prior sanctions were counted as repeat conduct.

The SMV fined the fund manager 5.562 UIT (S/ 25,801.50, halved from S/ 51,603.00 for admitting responsibility) for six minor infractions: material-event notices on excess investments in funds filed 3 to 19 days late (events between August 2022 and February 2023). Five of the six were treated as repeat infractions, so no warning was possible. The decision was not final and open to reconsideration.

The SMV fined the company 8 UIT (S/ 33,600, after a 50% reduction for admitting both charges) for two serious infractions: pledging its own term deposits with Caja Raíz as collateral for debts of its parent Acres Finance (2019 to early 2024), and not disclosing the pledge and related-party nature in its financial-statement notes for 2021 to 2023. The decision was not final and could be challenged within 15 business days.

The SMV fined the company 1.43 UIT (S/ 7,655.85, halved from 2.86 UIT for admitting responsibility) for filing eight days late (on 30 October 2025) the board decision of 22 October 2025 to hire an external reviewer for a related-party transaction. One prior sanction was counted as repeat conduct and the voluntary-correction defence was rejected for late filings. Single-instance decision, open to reconsideration within 15 business days.

The SMV fined the company 5.992 UIT (S/ 32,057.20, after a 30% reduction for admitting liability) in two parts for two minor infractions: filing its Q3 2025 individual interim financial statements 18 days late and the consolidated ones 24 days late. It rejected the argument that an SAP S/4HANA migration was force majeure and counted one prior sanction as repeat conduct. The resolution writes the name 'S.A.'; the SMV register shows 'S.A.A.' and lists the two component amounts (S/ 14,830.20 and S/ 17,227.00) as separate lines.

The SMV fined Volcan 10.37 UIT (S/ 53,154.75, after a 50% reduction for admitting responsibility) for five minor infractions: two late material-event notices, late reports of derivatives positions (Q1 2024 and December 2024) and a late update of its economic-group report. Two further charges on the 2024 audited individual financial statements and annual report were archived because the SMV found force majeure from MVNet system failures.

The SMV conduct-supervision deputy superintendent fined SEDAPAL 10.59 UIT (S/ 54,348.50) for five minor infractions, each a late disclosure of a material event (a 2023 shareholders' meeting call, three press-clarification notices in January and February 2024, and a director's appointment of May 2024). It was a single-instance decision; Resolution 001-2026-SMV/11 of 16 January 2026 later rejected SEDAPAL's reconsideration request (read via the RegAlert mirror).

On appeal the DGTAIPD confirmed fines totalling 14.90 UIT: 7 UIT for publishing images and using user data beyond the service without valid consent, 6.38 UIT for collecting data through web forms without the required information, and 0.76 UIT each for not registering a complaints-book database and for an unreported cross-border data flow. The amount is stated in UIT, not in a currency, so penalty fields are left empty.

On appeal the DGTAIPD reduced the fine for processing images without valid informed consent from 6.37 to 5.25 UIT and revoked the corrective measure, and confirmed a 10.50 UIT fine for not giving the information required by Art. 18, a total of 15.75 UIT. The security-measures charge stayed unfounded. The amount is stated in UIT, not in a currency, so penalty fields are left empty.