Peru's Superintendency of the Securities Market (SMV) published its Agenda Temprana 2026, setting out six public-interest workstreams that could lead to future regulatory changes across issuer disclosure, post-trade risk management, cross-border intermediation, innovation testing, sustainability reporting, and certain structures used in the funds industry. Key items include improving issuers’ identification and disclosure of certain “Hechos de Importancia” by adding regulatory clarifications based on recent supervisory and enforcement experience and aligning the framework with international standards, alongside plans to strengthen rules, through a central counterparty framework, to mitigate higher settlement risks for equity trades in a scenario of integrated trading with other Pacific Alliance markets. The agenda also flags enabling recognition of intermediaries from participating jurisdictions as remote participants, with an essential requirement that they hold licences from their home supervisors under a reciprocity approach and meet the conditions required to trade securities registered in Peru on a single order-matching platform. Separately, SMV will assess the need, benefits and scope of a regulatory sandbox to test innovative capital markets models in a controlled, supervised environment, and it aims to align annual report disclosures with internationally recognised sustainability and climate standards, in particular IFRS S1 and S2, to improve comparability across firms and markets. For the “Hechos de Importancia” workstream, SMV expects to submit its Ex Ante Regulatory Impact Analysis file to the Multisectoral Commission of Regulatory Quality for evaluation on 30 June 2026; other items are presented as evaluations or proposals for which implementation conditions will be set later.
Superintendencia del Mercado de Valores de Peru 2026-02-05
Peru's Superintendency of the Securities Market sets six 2026 priorities including a regulatory sandbox and Pacific Alliance market integration reforms
Peru's Superintendency of the Securities Market (SMV) released its Agenda Temprana 2026, outlining six workstreams that may lead to regulatory changes in issuer disclosure, post-trade risk management, and sustainability reporting. Key initiatives include enhancing disclosure of "Hechos de Importancia," aligning frameworks with international standards, and exploring a regulatory sandbox for innovative capital markets models, with a submission of the Ex Ante Regulatory Impact Analysis expected by 30 June 2026.