Peru's Superintendency of Banking, Insurance and Pension Funds Administrators has published draft amendments to expand the scope of its regulatory sandbox regime, extending eligibility to more supervised entities and allowing participation by non-supervised entities. The proposal is intended to let new financial products and services be tested in a controlled environment while supporting financial inclusion. For non-supervised participants, the draft sets specific entry requirements, including proof of legal formal status, a technical and financial feasibility study, evidence of the moral suitability of representatives, and sufficient human, technological and financial resources. Among supervised entities, eligibility would be extended to savings and credit cooperatives (Coopac) and regional or provincial traffic accident fund associations (Afocat). The proposal also envisages the authority publishing the list of approved firms and a general description of innovations under evaluation, and potentially sharing general information on results, while maintaining existing provisions on consumer protection, transparency of results and exit mechanisms. Public comments on the draft can be submitted until 7 October 2025.
Superintendencia de Banca, Seguros y AFP del Peru 2025-09-22
Peru's Superintendency of Banking, Insurance and Pension Funds Administrators consults on expanding its regulatory sandbox to non-supervised fintechs and additional supervised entities
Peru's Superintendency of Banking, Insurance and Pension Funds Administrators proposes expanding its regulatory sandbox to include both supervised and non-supervised entities. The draft sets entry requirements for non-supervised participants and extends eligibility to savings and credit cooperatives and traffic accident fund associations. The proposal aims to test new financial products and services in a controlled environment, supporting financial inclusion while maintaining consumer protection and transparency.