Stock Market Superintendency Updates General Stock Markets Rules
Peru
19 febrero 2020

On February 19, the Stock Market Superintendency (SMV, for its acronym in Spanish), issued Resolution No. 21-2020-SMV/02, on the general rules governing the Peruvian Stock Exchanges to regulate the fees charged for the provision of services. The SMV established that stock markets should charge a fee for services provided “based on their budget and cost structure.”  

The regulations also state that the SMV is in charge of approving the fees established for clients, within a 30-day term to evaluate the request for approval or the modification of amounts. The approval granted by means of this procedure is valid indefinitely. Likewise, any discount policies must be communicated prior to coming into effect both to the market and to the Superintendency.

The Exchanges must submit a comprehensive technical evaluation of rates every three years, while the General Directorate for the Supervision of Entities can request information to expand or support the report submitted. If the document reveals that the rates do not meet the conditions established, the Stock Market must present the respective proposal for modification.

In addition, the SMV specified that the Stock Markets must keep all documentation and information relating to their activities on file for ten years after the document was generated, in digital or microfilm format or equivalent means.

wefeqwf