Peru's Superintendence of the Securities Market (SMV) has set out its main lines of action for 2025, focusing on further aligning regulation and supervision with international best practices across the markets it oversees. The programme centres on completing the assessment of public-interest issues included in its 2025 Early Agenda (Agenda Temprana 2025) and considering additional actions linked to recommendations from the Organisation for Economic Co-operation and Development (OECD) in the context of Peru’s accession process, particularly on corporate governance and sustainability in the securities market. As context for the 2025 agenda, SMV reported that 2024 primary public offerings were dominated by short-term instruments, while bond issuance showed a gradual recovery that it expects to consolidate as interest rates decline. It also highlighted a significant increase in trading on the local exchange, with the S&P/BVL Peru General Index rising 11.6% led by the financial and industrial sectors, alongside a sustained recovery in the mutual fund industry in assets, number of funds and number of participants. The OECD recommendations highlighted in the release include strengthening SMV’s regulatory, supervisory and sanctioning capacity to support market development and investor protection, alongside recommendations from other multilateral bodies such as the World Bank Group and the International Monetary Fund.
Superintendencia del Mercado de Valores de Peru 2025-02-24
Peru's Superintendence of the Securities Market outlines 2025 priorities tied to its Agenda Temprana and OECD recommendations
Peru's Superintendence of the Securities Market (SMV) outlined its 2025 strategy to align regulation with international best practices, focusing on corporate governance and sustainability per OECD recommendations. The agenda includes assessing public-interest issues from its 2025 Early Agenda and considering actions for Peru's OECD accession. SMV noted a recovery in bond issuance and a significant rise in local exchange trading, with the S&P/BVL Peru General Index up 11.6%, driven by financial and industrial sectors.