Peru's Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) approved a new regulation on complementary customer service channels for financial system entities and electronic money issuing companies (EEDE), expanding the transactions that can be offered through basic operations establishments (EOB) and removing the requirement for prior SBS authorisation to operate correspondent agents. Issued via SBS Resolution No. 01661-2025 and published in the Official Gazette, the regulation allows EOB to conduct credit disbursements by crediting an account, credit evaluation and approval, opening of demand, term and savings deposit accounts, and opening of general electronic money accounts. Supervised entities and EEDE must set and later adjust limits for operations and services delivered through EOB, within the maximum amounts established in the regulation, and notify the SBS. EOB are defined as in-person service points operating from fixed or mobile premises and run by the supervised entity or EEDE as a complement to branches; non-compliance may lead the SBS to suspend authorisation to operate with EOB or impose prudential limits. The removal of prior authorisation for correspondent agents applies provided adequate risk management and regulatory compliance measures are adopted. Supervised entities must update their internal processes to comply with the new requirements.
Superintendencia de Banca, Seguros y AFP del Peru 2025-05-08
Peru's Superintendency of Banking, Insurance and Pension Fund Administrators expands permitted transactions for basic operations establishments and drops prior authorisation for correspondent agents
Peru's Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) approved a regulation expanding transactions through basic operations establishments (EOB) and removing the need for prior SBS authorisation for correspondent agents. Issued via SBS Resolution No. 01661-2025, it allows EOB to conduct credit disbursements, credit evaluations, and open various accounts, with entities required to set operational limits and notify the SBS. Non-compliance may result in suspension or prudential limits, and entities must update internal processes to align with new requirements.