The Superintendence of Banking and Insurance of Peru (SBS) denies the information released by AFP Habitat on SBS resolution No. 1559-2022, referring to the maximum investment limits and sublimits applicable to investment portfolios.
Through a statement, the entity maintains that the AFPs are not obliged to immediately sell the excess investment that is generated at the entry into force of the norm, which is 120 from its publication.
“What is done is to require the AFPs, within a maximum period of 30 calendar days after the excess investment occurs, to submit to the SBS a duly supported adaptation plan to eliminate the excess investment in such a way that it does not harm to pension funds. points to the document.
Finally, the Superintendency considers it important to point out that “to evaluate the aforementioned adaptation plan, the support presented by the AFP will be considered, which may include the impact of recently approved withdrawals on the management of investment portfolios.”
