Peru's Superintendency of Banking, Insurance and Private Pension Funds shifts mandatory financial disclosures from print to firms’ websites and sets annual report deadlines

Peru's Superintendency of Banking, Insurance and Private Pension Funds updated its Accounting Manual for financial system entities to require publication of audit reports, audited annual financial statements, annual reports and quarterly accounting statements via institutions’ websites, replacing the prior obligation to publish financial statements in printed media. The change also applies to Banco de la Nación, Banco Agropecuario, the Development Finance Corporation (Cofide), Fondo Mivivienda and electronic money issuers. For financial system entities, the annual report must be approved by the General Shareholders’ Meeting no later than 31 March and published on the website within 10 business days of approval. For derramas, the audited year-end financial statements and the external auditor’s report must be published jointly within seven business days of approval by the relevant governing body and remain permanently available, with the annual report published within 10 business days and kept permanently available. Pension fund administrators (AFPs) must publish audited year-end financial statements and the auditor’s report within seven business days of shareholder approval, and publish the annual report within 15 days of approval by the competent corporate body, with the information remaining permanently available; the rule also specifies minimum annual report content for financial system entities and AFPs.