How to register your company with the SBS

bitheerani319 · Post by **bitheerani319** » Mon Dec 23, 2024 6:11 am

Do you know which companies are supervised by the SBS ? First of all, you have to understand what the SBS supervises . It is a regulatory body in Peru that is responsible for supervising and regulating the country's financial system. If a company is not regulated by the SBS and a person hires its services, the latter may face significant problems. For example, their data may not be protected, or there is no guarantee, in the case of a digital bank, that the loans have transparent and fair conditions. One of the common mistakes in credits and collections for emerging companies that use technology is not being on the list of companies authorized by the SBS.

Not being a company authorized by the SBS can lead to sanctions for the company that continues its operations without having the proper registration. In the case of companies with physical premises, the SBS can order the closure of their establishment. On the other hand, if it is an online company, the SBS can block the medium through which it offers its financial services.

What will you find in this text?

How can you register your company with the SBS?

What factors does the SBS consider when authorizing the operation of a new company?

How long does it take for the SBS to authorize a company to operate?

Some key points to be authorized by the SBS

How can you register your company with the SBS?
To be one of the companies supervised by the SBS , you must go through a two-stage procedure. First, you must submit an application for operation to the SBS. If applicable, the SBS buy targeted email list give you an Authorization Certificate; with this you can request the Operating Authorization. Regarding this last application, there are different maximum deadlines:

For those associated with the financial and insurance system, the maximum term is one year.
For those associated with the provisional system, it is 130 days for regular procedures; and 60 days for those under the individual account administration service bidding regime.