The Superintendency of Banking, Insurance and AFP (S.B.S.) published a project for greater diversification that contributes to maximizing the risk-adjusted profitability of private pension funds.
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This proposal proposes as an eligible investment alternative shares placed via private offering and that have the commitment to be registered on a Stock Exchange.
The initiative refers to the conditions under which pension funds may invest in these instruments, among them, that the issuer of the shares complies with the principles of Good Corporate Governance defined by the AFP in its investment policy.
The conditions also establish that the value of the placement of the instrument is not less than US$80 million or its equivalent in soles, and that it has an independent annual valuation until it is registered on the Stock Exchange.
Likewise, it is noted that the AFPs will incorporate into their investment policy the minimum safeguards and/or guarantees that the issuer must assume until the share is registered on a Stock Exchange within a period of no more than three years from the placement.
The project will be available on the SBS portal (https://www.sbs.gob.pe/normativa-y-estandares/normativa/prepublicacion-de-proyectos-normativos) for comments and suggestions from the industry and the public in general until next December 19.
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