Post on 01-Mar-2018
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 1/27
UNIVERSIDAD NACIONAL DE CAJAMARCA
FACULTAD DE CIENCIAS ECONÓMICAS, CONTABLES Y
ADMINISTRATIVAS
ESCUELA ACADÉMICO PROFESIONAL DE ECONOMÍA
TEMA: “OSIPTEL Y SUPERINTENDENCIA DE BANCA Y SEGUROS”
CURSO : Econo!" P#$%&c"
CICLO : VIII
PROFESOR : Econ' Jo()* V+-.*/ C*(c"0o
ALUMNOS :
D!"/ Ro*(o, S"n0("
E1("0" 2*(n+n0*/, J3on4 P".%
Go&coc3*" V"()" , C"(o%&n V"n*"2."+n B(&c*5o, Y*&c" A%&"n"
2."+n S+nc3*/, M&).*%
C"6""(c", Oc1.$(* 0*% 789
INTRODUCCIÓN
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 2/27
E1* 1("$"6o ;(*1*n0* 0"( " conoc*( %" &;o(1"nc&" -.* 1&*n* %o
o()"n&o (*).%"0o(* coo * o&;1*% -.* * .n o()"n&o ;#$%&co
-.* (*).%" 4 .;*(<&" *% co((*c1o 0*"((o%%o 0* %o *(<&c&o 0*
1*%*=on!"
C.*n1" con ".1ono!" 1>cn&c", *con?&c", @n"nc&*(", =.nc&on"% 4
"0&n&1("1&<"' P.* OSIPTEL * @n"nc&" con *% 8, 0* %o &n)(*o
$(.1o 0* %o o;*("0o(* 0* *(<&c&o ;#$%&co 0* 1*%*co.n&c"c&on*'
Y * *% -.* no(" 4 (*).%" %o *(<&c&o ;#$%&co 0*
1*%*co.n&c"c&on*, .;*(<&"n0o 4 @c"%&/"n0o 4 0"n0o o%.c&?n "
con1(o<*(&" *n1(* *;(*" 4 *n *).n0" &n1"nc&" %o (*c%"o 0* %o
.."(&o
T"$&>n *n *% ;(**n1* 1("$"6o * 1("1"(" *% 1*" 0* %"
.;*(&n1*n0*nc&" 0* $"nc" 4 *).(o * *% o()"n&o *nc"()"0o 0* %"
(*).%"c&?n 4 .;*(<&&?n 0* %o S&1*" F&n"nc&*(o, 0* S*).(o
L" %"$o( 0* %" SBS co;(*n0* 0o 1"(*" $+&c": (*).%"c&?n 4
.;*(<&&?n' L" (*).%"c&?n *1"$%*c* %" (*)%" " %" c."%* * o*1*n
%" *;(*" .;*(<&"0" 0*0* . *n1("0" "% &1*", 0.("n1* .
o;*("c&?n 4 *<*n1."% "%&0" 0*% *(c"0o'
L" .;*(<&&?n con&1* *n <*(&@c"( *% c.;%&&*n1o 0* %" no(" 4 %"";%&c"c&?n 0* ;o%!1&c" 4 ;(+c1&c" ;(.0*nc&"%* ;o( ;"(1* 0* %"
*;(*" .;*(<&"0"' L" SBS 1&*n* coo @n )*n*("( %" con0&c&on*
-.* ;*(&1"n "&&/"( *% <"%o( 0* %o &1*" @n"nc&*(o, 0* *).(o 4
;(&<"0o 0* ;*n&on*, ;(o;&c&"n0o .n" "4o( con@"n/" 4 "0*c."0"
;(o1*cc&?n 0* %o &n1*(** 0*% ;#$%&co .."(&o, " 1("<> 0* %"
1("n;"(*nc&", <*("c&0"0 4 c"%&0"0 0* %" &n=o("c&?n c".1*%"n0o %"
*1"$&%&0"0 4 o%<*nc&" 0* %" &n1&1.c&on* -.* con=o("n %o &1*"'
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 3/27
PLANTEAMIENTO METODOLÓGICO
1.- Problema de invesi!a"i#n
1.1.- $i%a"i#n &roblem'i"a(
E% P*(# con1&1.4* "c1."%*n1* .no 0* %o *(c"0o +
&;o(1"n1* 0* %" (*)&?n' E%%o ;%"n1*" .n )("n 0*"=!o *n *% 0&*5o
* &;%**n1"c&?n 0* %" ;o%!1&c" (*).%"1o(&" o(&*n1"0" " ="c&%&1"(
*% "cc*o " *6o(* *(<&c&o 0* 1*%*co.n&c"c&on* *n .n "(co
0* co;*1*nc&" 4 -.* %" ;o$%"c&?n *" ;"(1!c&;* 0* %"
o;o(1.n&0"0* 0* 0*"((o%%o * &nc%.&?n ;(o<*n&*n1* 0*% .o 0* %"
1*%*co.n&c"c&on*
1.).- *orm%la"i#n del &roblema de invesi!a"i#n( C.+%* on %" ;(&nc&;"%* =.nc&on* 4 o$6*1&<o 0* o&;1*% 4
0* %" .;*(&n1*n0*nc&" 0* $"nc" 4 *).(o, c.+%* on %" <*n1"6"
4 0*<*n1"6" oc&o*con?&c" -.* 0&c3" =.nc&on* )*n*("n
).- Ob+eivos.
).1.- Ob+eivo !eneral(
E% ;(**n1* 1("$"6o ;(*1*n0* ;(oo<*( %" &;o(1"nc&" -.* 1&*n* %o
o()"n&o (*).%"0o(* coo * O&;1*% 4 %" @n"%&0"0 -.* 1&*n* %".;*(&n1*n0*nc&" 0* $"nc" 4 *).(o *n ;(o1*)*( %o &n1*(** 0*%
;#$%&co, c".1*%"n0o %" *1"$&%&0"0, %" o%<*nc&" 4 %" 1("n;"(*nc&"
0* %o &1*" .;*(<&"0o, <*%"n0o ;o( -.* * c.;%"n %"
no(" %*)"%*'
).).- Ob+eivos es&e","os(
An"%&/"( 0* "n*(" co((*c1" %" (*).%"c&?n 4 .;*(<&&?n 0*
O&;1*%'
I0*n1&@c"( c."% * %" ;(&o(&0"0 0* O&;1*% 4 0* %"
S.;*(&n1*n0*nc&" 0* B"nc" 4 S*).(o'
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 4/27
O$IPTEL
CONCEPTO (
E *% O()"n&o S.;*(<&o( 0* In<*(&?n P(&<"0" *n
T*%*co.n&c"c&on*, .n" *n1&0"0 ;#$%&c" 0*c*n1("%&/"0"
*nc"()"0" 0* (*).%"( 4 .;*(<&"( *% *(c"0o 0* *(<&c&o ;#$%&co
0* 1*%*co.n&c"c&on*, &n0*;*n0&*n1* 0* %" *;(*"
o;*("0o("' E% OSIPTEL *1+ "0c(&1o " %" P(*&0*nc&" 0*% Con*6o
0* M&n&1(o'
F.* c(*"0o *% 99 0* 6.%&o 0* 99 *0&"n1* D*c(*1o L*)&%"1&<o NH
87, * &n&c&? . "c1&<&0"0* con %" &n1"%"c&?n 0* . ;(&*(
Con*6o D&(*c1&<o *% 7 0* *n*(o 0* 9'
N.*1(o R*)%"*n1o G*n*("% KD*c(*1o S.;(*o NH 887889PCM
=.* ;.$%&c"0o *n *% 0&"(&o E% P*(."no *% 7 0* =*$(*(o 0* 7889'
MI$IÓN
R*).%"( 4 .;*(<&"( *% *(c"0o 0* %" 1*%*co.n&c"c&on* ;"("
;(oo<*( %" co;*1*nc&", %" c"%&0"0 0* %o *(<&c&o 4 *% (*;*1o "
%o 0*(*c3o 0* %o .."(&o'I$IÓN
Lo)("( -.* * $(&n0*n *(<&c&o 0* 1*%*co.n&c"c&on* "cc*&$%*
4 0* c"%&0"0 *n .n "(co 0* *=*c1&<" co;*1*nc&", 4 *(
(*conoc&0o ;o( %" ;o$%"c&?n coo .n" &n1&1.c&?n ".1?no",
1>cn&c" * &nno<"0o("'
*INALIDAD
E% OSIPTEL * c(*? con *% @n 0* )"("n1&/"( %" c"%&0"0 4 *@c&*nc&"
0*% *(<&c&o 0* 1*%*co.n&c"c&on* $(&n0"0o "% .."(&o 4 ;"("
;(o1*)*( *% *(c"0o 0* *(<&c&o ;#$%&co 0* 1*%*co.n&c"c&on*
0* ;(+c1&c" con1("(&" " %" %&$(* 4 %*"% co;*1*nc&"'
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 5/27
*UNCIONE$(
*%n"i#n Re!%ladora( E %" ="c.%1"0 -.* 1&*n* *% OSIPTEL 0* @6"(
1"(&=" 0* %o *(<&c&o ;#$%&co 0* 1*%*co.n&c"c&on*
"c1."%*n1* *1" 1"(&=" on *1"$%*c&0" %&$(**n1* ;o( c"0"
*;(*" o;*("0o(", 0* "c.*(0o con %" con0&c&on* 0* o=*(1" 4
0*"n0" *n *% *(c"0o no o$1"n1*, *% OSIPTEL ;.*0* *1"$%*c*(
1"(&=" 1o;* ;"(" 0*1*(&n"0o *(<&c&o
*%n"i#n Normaiva ( Po( *0&o 0* %" =.nc&?n no("1&<", E%
OSIPTEL 0&c1" (*)%"*n1o *n c."n1o " %o 1*" n*c*"(&o 0*
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 6/27
(*).%"( *n *% *(c"0o 0* %o *(<&c&o ;#$%&co 0*
1*%*co.n&c"c&on* 1"%* coo: &1*" 1"(&="(&o,
;(oc*0&&*n1o 0* (*c%"o, o()"n&/"c&?n &n1*(n" 0*% OSIPTEL,
;(oc*o 0* ";(o$"c&?n 0* (*)%"*n1o, no(" 4 (*).%"c&on*,
%&n*"&*n1o 4 c(&1*(&o ;"(" %" *&1*nc&" 0* con1"$&%&0"0
*;"("0" *n %" *;(*" o;*("0o(", %&n*"&*n1o ;"(" %"
&n1*(con*&?n 0* *(<&c&o 4 (*0*, *1+n0"(* 0* c"%&0"0 4 %"
con0&c&on* 0* .o 0* %o *(<&c&o -.* * *nc.*n1(*n $"6o .
co;*1*nc&", (*%"c&on* *n1(* %" *;(*" co*(c&"%&/"0o(" 4
%" *;(*" o;*("0o(" 4, *n1(* "-.*%%" 4 %o .."(&o 0*%
*(<&c&o *n "-.*%%o ";*c1o (*%"1&<o " %" co*(c&"%&/"c&?n 0*
1(+@co 0* 1*%*co.n&c"c&on* 4 o1(o
*%n"i#n *is"ali/adora 0 $an"ionadora( L" =.nc&?n @c"%&/"0o("
4 "nc&on"0o(" ;*(&1* "% OSIPTEL &;on*( "nc&on* 4 *0&0"
co((*c1&<" " %" *;(*" o;*("0o(" 4 0*+ *;(*" o
;*(on" ;o( *% &nc.;%&&*n1o 0* %" no(" ";%&c"$%*, 0* %"
(*).%"c&on* 4 0* %" o$%&)"c&on* con1*n&0" *n %o con1("1o 0*
conc*&?n'
*%n"i#n de Ti&i"a"i#n de $an"iones: E% OSIPTEL ;o0(+, *n"1*(&" 0* . co;*1*nc&" *c%.&<", 1&;&@c"( %" &n=("cc&on*
-.* no *1>n ;(*<&1" *n %" L*4 0* T*%*co.n&c"c&on* 4
0*1*(&n"( %" "nc&on* co((*;on0&*n1*, 0*n1(o 0* %"
c"1*)o(!" ;(*<&1" *n %" (*=*(&0" L*4'
*%n"i#n de $ol%"i#n de Re"lamos de Us%arios: E% OSIPTEL
1&*n* coo co;*1*nc&" *c%.&<" ;"(" (*conoc*( 4 (*o%<*( %o
(*c%"o ;(**n1"0o ;o( .."(&o con1(" EMPRESASOPERADORAS, *n *).n0" &n1"nc&" -.* *1* (*%"c&on"0" con:
F"c1.("c&?n o co$(o 0* *(<&c&o
In1"%"c&?n o Ac1&<"c&?n 0*% *(<&c&o
T("%"0o 0*% *(<&c&o
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 7/27
*%n"i#n de $ol%"i#n de Conroversias( E1" =.nc&?n, ".1o(&/" "
%o ?()"no =.nc&on"%* co;*1*n1* 0*% OSIPTEL " (*o%<*( *n %"
<!" "0&n&1("1&<" %o con&c1o 4 %" con1(o<*(&" -.*, 0*n1(o 0*%
+$&1o 0* . co;*1*nc&", .(6"n 1"n1o, *n1(* *;(*"
o;*("0o(", 4 *n1(* >1" 4 *% .."(&o' Q.*0"n *c%.&0" 0* *1"
=.nc&?n "-.*%%" con1(o<*(&" -.* on 0* co;*1*nc&" *c%.&<"
0*% INDECOPI' L" =.nc&?n 0* (*o%<*( con1(o<*(&" co;(*n0*
"0*+ %" 0* conc&%&"( &n1*(** con1(";.*1o
*%n"i#n $%&ervisora( E1" =.nc&?n ;*(&1* "% OSIPTEL <*(&@c"(
*% c.;%&&*n1o 0* %" o$%&)"c&on* %*)"%*, con1("c1."%* o
1>cn&c" ;o( ;"(1* 0* %" *;(*" o;*("0o(" "! coo 0* %o
(*)%"*n1o " %o -.* 0*$*n c*5&(*'
PRE$UPUE$TO RECUR$O$ *INANCIERO$
E% ;(*.;.*1o 0* o&;1*% *n %o #%1&o "5o * 3" &nc(**n1"0o
;.* . ;(*.;.*1o * @n"nc&"0o ;o( *% ";o(1* 0* (*).%"c&?n -.*
co((*;on0* " .n" 1"" 0* .;*(<&&?n *-.&<"%*n1* "%
8' 0* %o &n)(*o $(.1o ="c1.("0o 4 ;*(c&$&0o 0* %o
o;*("0o(* 0* *(<&c&o ;#$%&co 0* 1*%*co.n&c"c&on* 'Lo n&<*%*0* *6*c.c&?n ;(*.;.*1"% *n %o *& "5o "n1*(&o(* *
*nc.*n1("n *n1(* 4 *1"n0o *nc&" 0*% ;(o*0&o
*1"n0o *nc&" 0*% ;(o*0&o n"c&on"% K-.* oc&%" "%(*0*0o( 0*
7 4 0*% ;(o*0&o 0*% *c1o( P(*&0*nc&" 0* Con*6o 0*
M&n&1(oPCM K";(o&"0"*n1* *% 8'
MEDIDA$ CORRECTIA$E% OSIPTEL 1&*n* %" "1(&$.c&?n 0* 0&;on*( %" ";%&c"c&?n 0* *0&0"
c".1*%"(* 4o co((*c1&<" -.* ;*(&1"n "*).("( *% c.;%&&*n1o
0* %" (*o%.c&on* 0*% OSIPTEL o co((*)&( .n" con0.c1" -.* no *
"6.1* " %" no("1&<&0"0, @n"%&0"0, o$6*1&<o o ;(&nc&;&o -.* (&)*n
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 8/27
%" ;(*1"c&?n 4 .o 0* %o *(<&c&o ;#$%&co 0*
1*%*co.n&c"c&on*'
MEDIDAS CORRECTIVAS AL 9 DE JULIO DE 789
E6*;%o
Nº E2PEDI
ENTE
EMPRE
$A
INCUMPLIMIENTO$
DETECTADO$
RE$OLU
CIÓN
3UE
IMPONE
$ITUACIÓN
ACTUAL
1 8889
788
GG
GFSMC
RURAL
TELECO
M S'A'C'
REGLAMENTODECONTINU
IDAD K87887
CDOSIPTEL
Inc.;%&&*n1o0*%A(1'H:
No c.;%&? con %"
o$%&)"c&?n 0* &n=o("(
OSIPTEL o$(* %o
(*;o(1* 0*
0*"$"1*c&&*n1o 0*
1"(6*1" ;(*;")o,
co((*;on0&*n1* "% *
0* 6.%&o0*%788'
8
788
GGOSIPT
EL
EO c.;%&?
MC In=o(*
NH 7
GFS7898
10 8899
788
GG
GFSMC
TELEFÓ
NICA
DEL
PER
CONDICIONESDEUSOA(1'
7:D*6*0*co$("(*%conc*;1
o(*n1"oc"()o&*n1(+*%*
(<&c&o**nc.*n1(*.;*n0
97
788
GGOSIPT
EL
EO c.;%&?
MC In=o(*
NH 7
GFS7899
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 9/27
S'A'A' &0o'A(19:D*<.*%<"%oo
n1oco$("0o"%o"$on"0o
;o(conc*;1o0*(*n1"oc"(
)o.o1(o-.*3")".<*c*
;o(*%;*(&o0o *n *% c."% *%
*(<&c&o * *ncon1(?
.;*n0&0o11 889
788
GG
GFSMC
AMÉRIC
A MÓVIL
PER
S'A'C'
CONDICIONESDEUSOA(1'
:L"*;(*"no3"*=*c1
."0o0*<o%.c&on*co((*;
on0&*n1*"%o.."(&o-.*
=.*(on"=*c1"0o;o(%"&n1*((.;c&?n0*%*(<&c&ooc.((&0
"*n1(*98:884%"7:3o(
"0*%90*=*$(*(o0*7884
*n1(*%"88:88 4 %" 7:
3o(" 0*% 9 0* =*$(*(o
0* 788'
9
788
GGOSIPT
EL
EO c.;%&?
MCIn=o(*
N 9
GFS7899
CALIDAD DE LO$ $ERICIO$ DE TELECOMUNICACIONE$
D* con=o(&0"0 con %o *1"$%*c&0o *n *% "(1!c.%o H 0*% R*)%"*n1o
0* C"%&0"0, %" *;(*" o;*("0o(" <&*n*n ;.$%&c"n0o %o
(*.%1"0o 0* . &n0&c"0o(* 0* c"%&0"0 &n *$"()o, * 3"
"0<*(1&0o -.* 0&c3o (*.%1"0o, *n %o *(<&c&o ?<&%*, no
(*.%1"n co;"("$%* *n1(* !' En V&(1.0 " *%%o, *% OSIPTEL &n=o("
-.* %" c&1"0" no(" * *nc.*n1(" *n ;(oc*o 0* (*<&&?n 4 -.* no
"<"%" *% *<*n1."% *;%*o 0* *1o (*.%1"0o con @n*co;"("1&<o *n1(* %" *;(*" o;*("0o("'
REGUACIONE$(
Revisi#n o +a"i#n de "ar!os de iner"one4i#n o&e
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 10/27
• C"()o 0* &n1*(con*&?n 1o;* ;o( ).!" 1*%*=?n&c"• T("n;o(1* Con.1"0o Loc"%• T("n;o(1* Con.1"0o 0* L"()" D&1"nc&" N"c&on"%• Acc*o " %o T*%>=ono 0* Uo P#$%&co O;*("0o ;o( T*%*=?n&c" 0*%
P*(#• T*(&n"c&?n 0* L%""0" *n %" R*0* 0* %o S*(<&c&o M?<&%*• T*(&n"c&?n 0* L%""0" *n %" R*0 0*% S*(<&c&o 0* T*%*=on!" F&6"
Loc"%• En%"c* 0* In1*(con*&?n• F"c1.("c&?n 4 R*c".0"c&?n• A0*c."c&?n 0* R*0• T*%*=on!" R.("%• Acc*o " %" P%"1"=o(" P(*;")o• C"()o 0&=*(*nc&"0o• O1(o c"()o
Revisi#n o +a"i#n de ari5as o&e
• T"(&=" @6o?<&%• T"(&=" 1o;* "4o(&1"• A6.1* 1(&*1("% 0* 1"(&=" 0* *(<&c&o 0* C"1*)o(!" I K1*%*=on!"
@6" 4 %"()" 0&1"nc&"• T"(&=" 1o;* 0*0* 1*%>=ono ;#$%&co• T"(&=" 1o;* *n +(*" (.("%*• T"(&=" o$(* con0&c&on* 0* .o• T"(&=" 1o;* 0* *(<&c&o .;%**n1"(&o
*a"or de &rod%"ividad
• F"c1o( 0* P(o0.c1&<&0"0: A;%&c"c&?n 789 789• F"c1o( 0* P(o0.c1&<&0"0: A;%&c"c&?n 7898 789• F"c1o( 0* P(o0.c1&<&0"0: A;%&c"c&?n 788 7898• F"c1o( 0* P(o0.c1&<&0"0: A;%&c"c&?n 788 788• F"c1o( 0* P(o0.c1&<&0"0: A;%&c"c&?n 7889 788•
Normas
• M"(co no("1&<o 0* .."(&o• M"(co no("1&<o 1"(&="(&o• M"(co no("1&<o ;"(" %" co;*1*nc&"• M"(co no("1&<o (*%"1&<o " %" &n1*(con*&?n• C"%&0"0 0* %o *(<&c&o 0* 1*%*co.n&c"c&on*
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 11/27
• So%.c&?n 0* con1(o<*(&" *n1(* *;(*"• A($&1("6* *n1(* *;(*"•
RECLAMO$
E% (*c%"o 0*$*(+ ;(**n1"(* 0&(*c1"*n1* "n1* %" E;(*"
O;*("0o(" ;(*1"0o(" 0*% *(<&c&o, -.&*n *1"(+ o$%&)"0" " "&)n"(
.n c?0&)o o n#*(o co((*%"1&<o ;"(" *% (*c%"o' L" E;(*"
O;*("0o(" no ;o0(+ con0&c&on"( %" "1*nc&?n 0*% (*c%"o "% ;")o
;(*<&o 0* %" (*1(&$.c&?n co((*;on0&*n1* "% o$6*1o 0*% (*c%"o'
P.*0*n ;(**n1"( (*c%"o 4 (*c.(o "0&n&1("1&<o %o
"$on"0o 4 .."(&o 0*% *(<&c&o' L" con0&c&?n 0* .."(&o *
"c(*0&1" con %" ;(**n1"c&?n 0*% (*c&$o o$6*1o 0* (*c%"o o 0*%#%1&o (*c&$o'
En c"o 0* ;(**n1"(* .n (*c%"o " no$(* 0* .n" ;*(on"
6.(!0&c" 0*$*(+ ;(**n1"(* *% ;o0*( co((*;on0&*n1*'
A&&o, *% "$on"0o o .."(&o ;o0(+n 0*&)n"( .n (*;(**n1"n1*
con ;o0*(* .@c&*n1* ;"(" ;(**n1"( (*c%"o o ;"(" con1&n."(
con *% ;(oc*0&&*n1o'
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 12/27
$UPERINTENDENCIA DE 6ANCA $EGURO$
L" S.;*(&n1*n0*nc&" 0* B"nc", S*).(o 4 AFP * *% o()"n&o
*nc"()"0o 0* %" (*).%"c&?n 4 .;*(<&&?n 0* %o S&1*" F&n"nc&*(o, 0*
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 13/27
S*).(o 4 0*% S&1*" P(&<"0o 0* P*n&on*, "! coo 0* ;(*<*n&( 4
0*1*c1"( *% %"<"0o 0* "c1&<o 4 @n"nc&"&*n1o 0*% 1*((o(&o' S.
o$6*1&<o ;(&o(0&"% * ;(**(<"( %o &n1*(** 0* %o 0*;o&1"n1*, 0* %o
"*).("0o 4 0* %o "@%&"0o "% SPP'
L" SBS * .n" &n1&1.c&?n 0* 0*(*c3o ;#$%&co c.4" ".1ono!" =.nc&on"%
*1+ (*conoc&0" ;o( %" Con1&1.c&?n Po%!1&c" 0*% P*(#' S. o$6*1&<o,
=.nc&on* 4 "1(&$.c&on* *1+n *1"$%*c&0o *n %" L*4 G*n*("% 0*%
S&1*" F&n"nc&*(o 4 0*% S&1*" 0* S*).(o 4 O()+n&c" 0* %"
S.;*(&n1*n0*nc&" 0* B"nc", S*).(o 4 AFP KL*4 787'
MI$IÓN I$IÓN
I$IÓN
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 14/27
S*( .n" &n1&1.c&?n .;*(<&o(" 4 (*).%"0o(" (*conoc&0" *n *%
+$&1o .n0&"%, -.* ";%&c" *1+n0"(* &n1*(n"c&on"%* 4 %"
*6o(* ;(+c1&c", ";o4"0" *n %" co;*1*nc&" 0* . c";&1"%
3."no'
MI$IÓN
P(o1*)*( %o &n1*(** 0*% ;#$%&co, c".1*%"n0o %" *1"$&%&0"0, %"
o%<*nc&" 4 %" 1("n;"(*nc&" 0* %o &1*" .;*(<&"0o, "!
coo =o*n1"( .n" "4o( &nc%.&?n @n"nc&*(" 4 con1(&$.&( con *%
&1*" 0* ;(*<*nc&?n 4 0*1*cc&?n 0*% %"<"0o 0* "c1&<o 4 0*%
@n"nc&"&*n1o 0*% 1*((o(&o'
O67ETIO$
S. o$6*1&<o ;(&o(0&"% * ;(**(<"( %o &n1*(** 0* %o
0*;o&1"n1*, 0* %o "*).("0o 4 0* %o "@%&"0o "% S*).(o
P(&<"0o 0* P*n&on*'
L" S.;*(&n1*n0*nc&" 0* B"nc", S*).(o 4 AFP * .n" &n1&1.c&?n
0* 0*(*c3o ;#$%&co c.4" ".1ono!" =.nc&on"% *1+ (*conoc&0" ;o(
%" Con1&1.c&?n Po%!1&c" 0*% P*(# 0* 9'
L" SBS 1&*n* coo @n )*n*("( %" con0&c&on* -.* ;*(&1"n"&&/"( *% <"%o( 0* %o &1*" @n"nc&*(o, 0* *).(o 4
;(&<"0o 0* ;*n&on*, ;(o;&c&"n0o .n" "4o( con@"n/" 4
"0*c."0" ;(o1*cc&?n 0* %o &n1*(** 0*% ;#$%&co .."(&o, " 1("<>
0* %" 1("n;"(*nc&", <*("c&0"0 4 c"%&0"0 0* %" &n=o("c&?n
c".1*%"n0o %" *1"$&%&0"0 4 o%<*nc&" 0* %" &n1&1.c&on* -.*
con=o("n %o &1*"'
E% *n=o-.* 0* %" SBS * c(*"(, " 1("<> 0* %" (*).%"c&?n, .n
&1*" 0* &nc*n1&<o -.* ;(o;&c&* -.* %" 0*c&&on* ;(&<"0" 0*
%" *;(*" *"n con&1*n1* con *% o$6*1&<o 0* o%&0*/,
o%<*nc&" 4 *1"$&%&0"0 *n *% %"()o ;%"/o'
RE$E8A 9I$TÓRICA
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 15/27
L" S.;*(&n1*n0*nc&" 0* B"nc" 4 S*).(o, n"c&? coo &n1&1.c&?n
*n *% "5o 99' S&n *$"()o, %" .;*(<&&?n $"nc"(&" *n *% P*(# *
&n&c&? *n 9 con .n 0*c(*1o -.* *1"$%*c&? (*-.*(&&*n1o 0*
c";&1"% !n&o, .n (>)&*n 0* *&&?n 4 co$*(1.(" 0* %o $&%%*1* 4
;.$%&c"c&?n *n."% 0* &n=o(* con &n0&c"c&?n 0*1"%%"0" 0* %"
c"n1&0"0* 0* on*0" "c.5"0" o 0* *1"%* ;(*c&oo *&1*n1*
*n %" c"6" $"nc"(&"'
E% ;(&*( "n1*c*0*n1* 0* .n" *n1&0"0 .;*(<&o(" =.* .n"
0*;*n0*nc&" 0*% M&n&1*(&o 0* 2"c&*n0", 0*no&n"0" In;*cc&?n
F&c"% 0* B"nco, .n" &n1&1.c&?n con o$6*1&<o ;oco 0*@n&0o, -.*
* %&&1"$" " 0"( (*co*n0"c&on* ;"(" co((*)&( *((o(* o
*n*n0"( &n=("cc&on*' En c."n1o "% *c1o( 0* *).(o, . ;(&*(
"n1*c*0*n1* =.* %" In;*cc&?n F&c"% 0* S*).(o c(*"0" *n 9
;"(" <*(&@c"( *% c.;%&&*n1o 0* %" %*4 ;o( ;"(1* 0* %" co;"5!"
0* *).(o'
Y" *n *% &)%o WW, %" c(&& 0* %o "5o 8 con<*nc&? " .c3o
;"!* %"1&no"*(&c"no -.* *(" n*c*"(&o %%*<"( " c"$o ;(o=.n0"
(*=o(" on*1"(&" 4 $"nc"(&"' Po( ** *n1onc*, *% B"nco 0*
R**(<" o%&c&1? "% M&n&1(o 0* 2"c&*n0" ".1o(&/"c&?n ;"(" &n<&1"( "%;(o=*o( E0X&n "%1*( Z**(*( ;"(" -.* $(&n0"* "*o(!" *n
0&c3" "1*(&"' D* *1" "n*(", *n 98 * con1&1.4? %" M&&?n
Z**(*(, -.* =o(.%? <"(&o ;(o4*c1o 0* L*4, "%).no 0* %o
c."%* =.*(on ;(o.%)"0o, 1"%* coo %" L*4 Mon*1"(&", %" L*4 0*%
B"nco C*n1("% 0* R**(<" 4 %" L*4 0* B"nco'
INICIO$
L" S.;*(&n1*n0*nc&" =.* c(*"0" *% 7 0* "4o 0* 99 $"6o %"
0*no&n"c&?n 0* S.;*(&n1*n0*nc&" 0* B"nco' L" @n"%&0"0 *("
con1(o%"( 4 .;*(<&"( %o $"nco, *;(*" -.* *n ** *n1onc*
con=o("$"n .n &1*" @n"nc&*(o ;*-.*5o 4 3"$&1."0o " %"
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 16/27
".1o((*).%"c&?n' En 1o1"% =.*(on 9 &n1&1.c&on* @n"nc&*(" -.*
*1.<&*(on &n&c&"%*n1* $"6o *% +$&1o 0* %" S.;*(&n1*n0*nc&"'
C"$* 0*1"c"( -.* %" n.*<" %*)&%"c&?n *1"$%*c&? -.* 1o0"
*;(*" $"nc"(&" 0*$!" "n1*n*( .n c";&1"% 4 (**(<" -.*
."0o no =.*("n *no(* 0*% 78 0* . o$%&)"c&on* con *%
;#$%&co' S* 0*@n&? %o -.* * con&0*(? coo -.*$("n1o 0* c";&1"%
4 * "co;"5? *1" 0*@n&c&?n con %" ;(o3&$&c&?n 0* ;")"(
0&<&0*n0o & *%%o ;.0&*(" c"."( 0*1*(&o(o "% c";&1"% o =on0o 0*
(**(<" 0*% $"nco' D* *1" "n*(", .n $"nco no ;o0!" ;")"(
0&<&0*n0o 3"1" -.* no con1&1.4*(" ;(o<&&on* ;"(" %" 0*.0"
"%" o 0.0o"' O1(o ";*c1o &;%**n1"0o =.* *% ;")o !n1*)(o
0* 1o0o c";&1"% .c(&1o, con *% @n 0* no c(*"( ="%" *;*c1"1&<"
0* (*;"%0o *n *% ;#$%&co' S* ;.o *n c&(c.%"c&?n n.*<o =o("1o
;"(" %o &n=o(* 0* %o $"nco, 4 =.* *n *% *).n0o "5o c."n0o
* ;.0o con1"( con ;*(on"% c";"c&1"0o ;"(" &n&c&"( %" <&&1" 0*
&n;*cc&?n'
Un ;";*% &;o(1"n1* 0* %" S.;*(&n1*n0*nc&", "% ;oco 1&*;o 0* *(
c(*"0", =.* %" con0.cc&?n 0* 1(* ;(oc*o 0* %&-.&0"c&?n: 0*%
B"nco 0*% P*(# 4 Lon0(*, *% B"nco 0* T"cn" 4 %" C"6" 0* A3o((o0* %" B*n*@c*nc&" P#$%&c" 0*% C"%%"o' Po1*(&o(*n1*, *% +$&1o 0*
%" S.;*(&n1*n0*nc&" * =.* *;"n0&*n0o ;(o)(*&<"*n1*, *n 9
* &nc%.4*(on %" co;"5!" 0* c";&1"%&/"c&?n 4 %" *;(*" 0*
*).(o 4 *n 9 %" &n;*cc&?n @c"% 0* <*n1" " ;%"/o'
ENTE$ REGULADORE$ : $6$
S.;*(&n1*n0*nc&" A06.n1" 0* B"nc" 4 M&c(o @n"n/"'
S* *nc"()" 0* (*"%&/"( *% con1(o% 4 %" .;*(<&&?n ;*("n*n1* 0*
%" *;(*" 0*% &1*" @n"nc&*(o, 0* %o con)%o*("0o
@n"nc&*(o " %" -.* >1" ;*(1*n*c*n 4 0*+ *;(*"
o*1&0" " . .;*(<&&?n, ;"(" *% "0*c."0o con1(o% 0* %o
(&*)o -.* %o .;*(<&"0o ".*n *n . o;*("c&on*'
S.;*(&n1*n0*nc&" A06.n1" 0* S*).(o
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 17/27
S* *nc"()" 0* (*).%"( 4 .;*(<&"( *% *(c"0o 0* *).(o con *%
o$6*1&<o 0* 0*=*n0*( %o &n1*(** 0* %o "*).("0o' Con1(o%" -.*
* &n<&*(1" "0*c."0"*n1* *% 0&n*(o -.* ;o( conc*;1o 0* ;(&"
0* *).(o (*c&$*n %" *;(*" 0* *).(o 0* %o "*).("0o 4
-.* <" " *( .1&%&/"0o ;"(" ;")"( %" &n0*n&/"c&on* ;o( %o
&n&*1(o -.* oc.(("n
S.;*(&n1*n0*nc&" A06.n1" 0* AFP'
S* *nc"()" 0* %" .;*(<&&?n 4 (*).%"c&?n 0* %" AFP'
F&c"%&/" 4 (*).%" %" o;*("c&on* 0* %" AFP " 1("<> 0* (*;o(1*
0&"(&o, ".0&1o(&" * &n;*cc&on*
Un&0"0 0* In1*%&)*nc&" F&n"nc&*(" 0*% P*(# KUIF P*(#
Enc"()"0" 0* (*c&$&(, "n"%&/"( 4 1("n&1&( &n=o("c&?n ;"(" %"
0*1*cc&?n 4 ;(*<*nc&?n 0*% %"<"0o 0* "c1&<o 4o @n"nc&"&*n1o
0*% 1*((o(&o *n *% P*(#' Co%"$o(" con %o .6*1o o$%&)"0o "
&n=o("(, *n %" &;%**n1"c&?n 0* . &1*" ;"(" 0*1*c1"(
o;*("c&on* o;*c3o" 0* %"<"0o 0* "c1&<o 4 @n"nc&"&*n1o
0*% 1*((o(&o'
$I$TEMA *INANCIERO
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 18/27
$I$TEMA DE $EGURO$
$I$TEMA PRIADO DE PEN$IONE$ AFP
SPP
REGULACIÓN
E% *n=o-.* 0* %" SBS * c(*"(, " 1("<> 0* %" (*).%"c&?n, .n
&1*" 0* &nc*n1&<o -.* ;(o;&c&* -.* %" 0*c&&on* ;(&<"0" 0*
%" *;(*" *"n con&1*n1* con *% o$6*1&<o 0* %o)("( -.* %o&1*" $"6o .;*(<&&?n "0-.&*("n %" o%&0*/ * &n1*)(&0"0
n*c*"(&o ;"(" "n1*n*( . o%<*nc&" 4 *1"$&%&0"0 *n *% %"()o
;%"/o'
L" SBS con=!" *n *% *(c"0o coo *c"n&o 0* o()"n&/"c&?n 4
"&)n"c&?n 0* (*c.(o, &*;(* -.* %o &nc*n1&<o 0"0o ;o( %"
(*).%"c&?n o(&*n1*n " %" *;(*" " &n1*(n"%&/"( %o co1o
oc&"%* *n . 0*c&&on*' P"(" -.* *1* *n=o-.* * ;.*0"
0*"((o%%"( *n %" ;(+c1&c", %" SBS * ";o4" o$(* %" $"* 0* c."1(o
;(&nc&;&o $+&co (*%"c&on"0o " K& %" c"%&0"0 0* %o ;"(1&c&;"n1*
0*% *(c"0o, K&& %" c"%&0"0 0* %" &n=o("c&?n 4 "n+%&& -.*
(*;"%0" %" 0*c&&on* 0* %" *;(*" .;*(<&"0" K&&& %"
&n=o("c&?n -.* (*<*%"n %" *;(*" .;*(<&"0" ;"(" -.* o1(o
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 19/27
")*n1* *con?&co 1o*n 0*c&&on* 4 K&< %" c%"(&0"0 0* %"
(*)%" 0* 6.*)o'
En c."n1o " %" c"%&0"0 0* %o ;"(1&c&;"n1* 0*% *(c"0o, %"
(*).%"c&?n 0* %" SBS * $"" *n *% ;(&nc&;&o 0* &0on*&0"0' S& *
0**" -.* %o &1*" )oc*n 0* o%&0*/ * &n1*)(&0"0, *n1onc* *
n*c*"(&o "*).("( -.* -.&*n* o;*("n *n *% *(c"0o *"n
;*(on" 0* o%<*nc&" o("%, *con?&c" 4 -.* 0*.*1(*n
c";"c&0"0 0* )*1&?n' A!, %" (*).%"c&?n 0* %" SBS $.c" <*(&@c"(
-.* %" 0&(*cc&?n 0* %" *;(*" .;*(<&"0" *1> *n "no 0*
;*(on" &0?n*"' E% ;(&nc&;"% >n="& 0* *1* ;(&nc&;&o *
*nc.*n1(" *n %o (*-.&&1o 0* *n1("0" "% *(c"0o'
R*;*c1o 0* %" c"%&0"0 0* &n=o("c&?n 4 "n+%&& *;%*"0o ;o( %"
*;(*" .;*(<&"0", %" (*).%"c&?n 0* %" SBS * $"" *n *%
;(&nc&;&o 0* ;(o;*cc&?n' E1o -.&*(* 0*c&( -.*, *n %" (*).%"c&?n 0*
%" SBS, * ;(o;&c&" .n" <&&?n ;(o;*c1&<" 0* %o (&*)o -.*
*n=(*n1"n %" *;(*" .;*(<&"0"' A!, *% >n="& *1+ ;.*1o
*n %" n*c*&0"0 0* ";%&c"( &1*" -.* %* ;*(&1"n &0*n1&@c"(,
*0&(, con1(o%"( 4 on&1o(*"( . (&*)o 0* .n" "n*(" *@c&*n1*'
L" *;(*" 1&*n*n %&$*(1"0 ;"(" &;%**n1"( %o &1*" -.*c(*"n + con<*n&*n1*, ;*(o %" SBS *1"$%*c* %o ;"(+*1(o
!n&o -.* 0*$*n c.;%&(* ;"(" )"("n1&/"( .n "n*6o ;(.0*n1*
0* %o (&*)o " -.* %" *;(*" .;*(<&"0" *1+n *;.*1"'
L" *;(*" 0* %o &1*" @n"nc&*(o, 0* *).(o 4 ;(&<"0o 0*
;*n&on* 1"$&>n ;(o;o(c&on"n &n=o("c&?n ;"(" -.* o1(o
")*n1* *con?&co 1o*n 0*c&&on*' Con (*%"c&?n " *1* ;.n1o,
%" (*).%"c&?n 0* %" SBS * $"" *n *% ;(&nc&;&o 0* 1("n;"(*nc&"'
Lo c%&*n1*, .;*(<&o(*, "n"%&1" * &n<*(&on&1", (*-.&*(*n 0*
&n=o("c&?n ;(o;o(c&on"0" ;o( %" *;(*" .;*(<&"0" ;"("
;o0*( 1o"( . 0*c&&on*' P"(" -.* %" 0*c&&on* *"n ?;1&"
4 =o*n1*n .n" 0&c&;%&n" 0* *(c"0o, * (*-.&*(* -.* %"
&n=o("c&?n *" co((*c1", con@"$%* 4 o;o(1.n"' L" (*).%"c&?n 0* %"
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 20/27
SBS $.c" c(*"( &nc*n1&<o 4 3*(("&*n1" -.* )"("n1&c*n %"
c"%&0"0 4 o;o(1.n&0"0 0* %" &n=o("c&?n *&1&0" ;o( %" *;(*"
.;*(<&"0"'
F&n"%*n1*, (*;*c1o 0* %" c%"(&0"0 0* %" (*)%" 0* 6.*)o, %"
(*).%"c&?n 0* %" SBS * $"" *n *% ;(&nc&;&o 0* *6*c.1"$&%&0"0' E1*
;(&nc&;&o ;*(&).* -.* %" no(" 0&c1"0" ;o( %" SBS *"n 0* =+c&%
co;(*n&?n, *&)&$%* 4 -.* ;.*0"n *( .;*(<&"0"' En *1"
0&(*cc&?n, %" no(" 0* %" SBS $.c"n c.;%&( con c."1(o
c"("c1*(!1&c" $+&c"' En ;(&*( 1>(&no, %" no(" 0*$*n *(
0* c"(+c1*( )*n*("%, * 0*c&(, 0*$*n $""(* *n %" *&)*nc&" 0*
%&n*"&*n1o )*n*("%* 4 *n %" 0*@n&c&?n 0* ;"(+*1(o !n&o,
0*6"n0o .n "()*n ;(.0*nc&"% ;"(" %" 1o" 0* 0*c&&on* ;o(
;"(1* 0* %" *;(*" .;*(<&"0"' En *).n0o %.)"(, 0&c3"
no(" 0*$*n *1"( $&*n "co1"0", * 0*c&(, 0*$*n 1*n*( .n
+$&1o 0* "cc&?n c%"("*n1* 0*@n&0o 4 >1* 0*$* )&("( *n 1o(no "
"%)#n (&*)o *n ;"(1&c.%"(' A&&o, %" no(" 0*$*n *( c%"(",
*<&1"n0o 0*6"( %.)"( " &n1*(;(*1"c&on* *((?n*"' En c."(1o 4
#%1&o 1>(&no, %" no(" 0*$*n *1"$%*c*( *1" -.* ;.*0"n
*( c.;%&0" ;o( %" *;(*" .;*(<&"0"'
$UPERI$IÓN
L" SBS $.c" ;on*( *n ;(+c1&c" .n" .;*(<&&?n *;*c&"%&/"0",
&n1*)("% 4 0&c(*c&on"%'
Un" .;*(<&&?n *;*c&"%&/"0" &)n&@c" -.* %" SBS ;(*1*n0*
&;%**n1"( .n *n=o-.* 0* .;*(<&&?n ;o( 1&;o 0* (&*)o' E%%o
&;%&c" con1"( con ;*(on"% *;*c&"%&/"0o *n %" *<"%."c&?n 0* %o
0&<*(o 1&;o 0* (&*)o, 1"%* coo (&*)o c(*0&1&c&o, 0* *(c"0o,
0* %&-.&0*/, o;*("c&on"% 4 %*)"%' A&&o, %" SBS * o(&*n1" 3"c&"
.n" .;*(<&&?n &n1*)("% -.* )*n*(* .n" ";(*c&"c&?n o$(* %"
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 21/27
"0&n&1("c&?n 0* %o (&*)o ;o( ;"(1* 0* %" *;(*"
.;*(<&"0"' F&n"%*n1*, .n" .;*(<&&?n 0&c(*c&on"% * (*@*(* "
-.* *% con1*n&0o, "%c"nc* 4 =(*c.*nc&" 0* %" .;*(<&&?n 0*$* *1"(
*n =.nc&?n 0*% 0&")n?1&co 0* %o (&*)o -.* *n=(*n1" c"0"
*;(*" .;*(<&"0"'
L" *1("1*)&" 0* .;*(<&&?n 0* %" SBS * 0*"((o%%" *n 0o =(*n1*'
E% ;(&*(o con&1* *n %" .;*(<&&?n -.* *6*(c* 0&(*c1"*n1*
o$(* %" *;(*" 4 *% *).n0o * $"" *n ;"(1&c&;"c&?n 0* %o
co%"$o("0o(* *1*(no, 1"%* coo %o ".0&1o(*, %" *;(*"
c%"&@c"0o(" 0* (&*)o, .;*(<&o(* %oc"%* 4 0* o1(o ;"!*'
Con (*%"c&?n " %" .;*(<&&?n 0&(*c1", >1" * 0*"((o%%" $"6o 0o
o0"%&0"0*: %" .;*(<&&?n *1("&1. 4 %" .;*(<&&?n &n&1.' L"
;(&*(" con&1* *n "n"%&/"( *n =o(" ;*("n*n1* %" &n=o("c&?n
$(&n0"0" ;o( %" *;(*" .;*(<&"0" * &0*n1&@c"( %o 1*"
-.* *"n 0* ;(*oc.;"c&?n 4 -.* *(*/c"n .n *"*n +
;(o=.n0o' L" *).n0" * oc.;" 0* <*(&@c"( *n %" ;(o;&" *;(*"
.;*(<&"0" %o ";*c1o &0*n1&@c"0o ;(*<&"*n1* *n %" %"$o( 0*
"n+%&& *1("&1.'
R*;*c1o 0* %" co%"$o("c&?n 0* ")*n1* *1*(no, 0*0* . ;(o;&";*(;*c1&<" *1" *n1&0"0* *6*(c*n .n c&*(1o 1&;o 0* on&1o(*o 0*
%" *;(*" -.* * *nc.*n1("n 0*n1(o 0*% +$&1o 0* %"
S.;*(&n1*n0*nc&"' L" *1("1*)&" 0* %" SBS * $.c"( -.* .
;"(1&c&;"c&?n *" ;*("n*n1* 4 con&1*n1* con %" (*).%"c&?n' En
*% c"o 0* %o ".0&1o(* 4 c%"&@c"0o(" 0* (&*)o * $.c" -.*,
"0&c&on"%*n1* " %" %"$o(* -.* (*"%&c*n *1o ")*n1*, *
;(on.nc&*n o$(* %" c"%&0"0 0* %" "0&n&1("c&?n 0* (&*)o 0* %"
*;(*"' En *% c"o 0* %o .;*(<&o(* %oc"%* 4 0* o1(o ;"!*,
%" *1("1*)&" * $"" *n ;(o;&c&"( %" coo;*("c&?n 4 *% &n1*(c"$&o
0* &n=o("c&?n'
CONENIO$ IGENTE$ $U$CRITO$ CON ORGANI$MO$ REGULADORE$ $UPER
DEL E2TERIOR
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 22/27
N
H
INSTITU
CIONNo$(* 0*% Con<*n&o OBJETO FEC2A DE SUSCRI
9 SUPERI
NTENDE
NCIA
BANCAR
IA DE
COLOM
BIA
MEMOR[NDUM DE
COOPERACIÓN O
ENTENDIMIENTO ENTRE LA
SUPERINTENDENCIA DE BANCA
Y SEGUROS DEL PER Y LA
SUPERINTENDENCIA BANCARIA
DE COLOMBIA
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
9879
7 SUPERINTENDE
NCIA DE
BANCOS
DE
ECUADO
R
MEMOR[NDUM DECOOPERACIÓN O
ENTENDIMIENTO ENTRE LA
SUPERINTENDENCIA DE BANCA
Y SEGUROS DEL PER Y LA
SUPERINTENDENCIA DE
BANCOS DE ECUADOR
S.;*(<&&?nCono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n"$o ;"&*
9879
SUPERI
NTENDE
NCIA DE
BANCOS
Y OTRAS
INSTITU
CIONES
FINANCI
ERAS DE
VENE\U
ELA
MEMOR[NDUM DE
COOPERACIÓN O
ENTENDIMIENTO ENTRE LA
SUPERINTENDENCIA DE BANCA
Y SEGUROS DEL PER Y LA
SUPERINTENDENCIA DE
BANCOS Y OTRAS
INSTITUCIONES FINANCIERAS
DE VENE\UELA
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
9879
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 23/27
BANCO
DE
ESPA]A
PROTOCOLO DE COOPERACIÓN
ENTRE EL BANCO DE ESPA]A Y
LA SUPERINTENDENCIA DE
BANCA Y SEGUROS DE PER
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
789
SUPERI
NTENDE
NCIADEL
SISTEM
A
FINANCI
ERO DE
EL
SALVAD
OR
MEMOR[NDUM DE
COOPERACIÓN O
ENTENDIMIENTO ENTRE LASUPERINTENDENCIA DE BANCA
Y SEGUROS DEL PER Y LA
SUPERINTENDENCIA DEL
SISTEMA FINANCIERO DE EL
SALVADOR
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
989
SUPERI
NTENDE
NCIA DE
BANCOS
Y
ENTIDA
DESFINANCI
ERAS DE
BOLIVIA
MEMOR[NDUM DE
COOPERACIÓN YO
ENTENDIMIENTOI ENTRE LA
SUPERINTENDENCIA DE
BANCOS Y ENTIDADES
FINANCIERAS DE BOLIVIA Y LA
SUPERINTENDENCIA DE BANCA Y SEGUROS DEL PER
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"-.* o;*("n *n
"$o ;"&*
989
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 24/27
SUPERI
NTENDE
NCIA DE
BANCOS
DE
GUATEM
ALA
CONVENIO DE COOPERACIÓN
ENTRE LA SUPERINTENDENCIA
DE BANCA Y SEGUROS DEL
PER Y LA SUPERINTENDENCIA
DE BANCOS DE GUATEMALA
S.;*(<&&?n
Cono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&* , ;"("
. "0*c."0"
.;*(<&&?n'
8987889
BANCODE
ITALIA
MEMOR[NDUM DECOOPERACIÓN ENTRE EL
BANCO DE ITALIA Y LA
SUPERINTENDENCIA DE BANCA
Y SEGUROS DE PER
S.;*(<&&?nCono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
*n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
A)o1o,7889
COMISI
ON
NACION
AL
BANCAR
IA Y DE
VALORES DE
LOS
ESTADO
S
MEMOR[NDUM DE
ENTENDIMIENTO ENTRE LA
COMISIÓN NACIONAL
BANCARIA Y DE VALORES DE
LOS ESTADOS UNIDOS
MEWICANOS Y LA
SUPERINTENDENCIA DE BANCA Y SEGUROS DE LA REPBLICA
DEL PER
S.;*(<&&?n
Cono%&0"0"
T("n=(on1*(&/":
M*o(+n0. 0*
En1*n0&&*n1o ;"("
*% &n1*(c"$&o 0*
&n=o("c&?n ;"(" *%=o(1"%*c&&*n1o 4
=o*n1o 0*% "no
=.nc&on"&*n1o 0*
%" o()"n&/"c&on*
787788
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 25/27
UNIDOS
MEWICA
NOS
$"nc"(&" 4 0* %o
*1"$%*c&&*n1o
1("n=(on1*(&/o
9
8
SUPERI
NTENDE
NCIA DE
BANCOS
Y OTRAS
INSTITU
CIONES
FINANCI
ERAS DE
NICARA
GUA
CONVENIO MARCO DE
COOPERACIÓN
INTERINSTITUCIONAL ENTRE LA
SUPERINTENDENCIA DE BANCA,
SEGUROS Y ADMINISTRADORAS
PRIVADAS DE FONDOS DE
PENSIONES DEL PER Y Y LA
SUPERINTENDENCIA DE
BANCOS Y DE OTRAS
INSTITUCIONES FINANCIERAS
DE NICARAGUA
Coo;*("c&?n
In1*(&n1&1.c&on"%:
D*"((o%%o 0*
;(o)("" 0*
*;*c&"%&/"c&?n 4
c";"c&1"c&?n,
;""n1!", <&&1"
&n1*(c"$&o 4o
1("n=*(*nc&" 0*
&n=o("c&?n "!
coo coo;*("c&?n
&n1*(&n1&1.c&on"% *n
0&<*(o 1*"
(*=*(&0o "
.;*(<&&?n,
(*).%"c&?n 4 )*1&?n
"0&n&1("1&<" 0*
"$" &n1&1.c&on*
Con<*n&o @(
98788 , c
";%&"0" *0&"n
0* =*c3" 8878
99
BANCOCENTRA
L DE
BA2AM
AS
MEMORANDUM DEENTENDIMIENTO ENTRE EL
BANCO CENTRAL DE BA2AMAS
Y LA SUPERINTENDENCIA DE
BANCOS, SEGUROS Y
ADMINISTRADORAS PRIVADAS
S.;*(<&&?nCono%&0"0":
A03*&?n " P(&nc&;&o
0* B"&%*" *
In1*(c"$&o 0*
&n=o("c&?n o$(*
998788
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 26/27
DE FONDOS DE PENSIONES *n1&0"0* $"nc"(&"
-.* o;*("n *n
"$o ;"&*
9
7
SUPERI
NTENDE
NCIA DE
BANCOS
DE LA
REPUBLI
ICA
DOMINI
CANA
CONVENIO MARCO DE
COOPERACIÓN
INTERINSTITUCIONAL ENTRE LA
SUPERINTENDENCIA DE BANCA,
SEGUROS Y ADMINISTRADORAS
PRIVADAS DE FONDOS DE
PENSIONES DEL PER Y Y LA
SUPERINTENDENCIA DE LA
REPUBLICA DOMINICANA
Coo;*("c&?n
In1*(&n1&1.c&on"%:
D*"((o%%o 0*
;(o)("" 0*
*;*c&"%&/"c&?n 4
c";"c&1"c&?n,
;""n1!", <&&1"
&n1*(c"$&o 4o
1("n=*(*nc&" 0*
&n=o("c&?n "!
coo coo;*("c&?n
&n1*(&n1&1.c&on"% *n
0&<*(o 1*"
(*=*(&0o "
.;*(<&&?n,
(*).%"c&?n 4 )*1&?n
"0&n&1("1&<" 0*
"$" &n1&1.c&on*
787898
CONCLU$IONE$(
OSIPTEL -.* * .n o()"n&o ;#$%&co -.* (*).%" 4 .;*(<&" *%
co((*c1o 0*"((o%%o 0* %o *(<&c&o 0* 1*%*=on!"
L" S.;*(&n1*n0*nc&" 0* B"nc" 4 S*).(o, 4 AFP * *% o()"n&o
*nc"()"0o 0* %" (*).%"c&?n 4 .;*(<&&?n 0* %o S&1*"
7/25/2019 OSIPTEL Y SBS-2
http://slidepdf.com/reader/full/osiptel-y-sbs-2 27/27
F&n"nc&*(o, 0* S*).(o 4 0*% S&1*" P(&<"0o 0* P*n&on*, "!
coo 0* ;(*<*n&( 4 0*1*c1"( *% %"<"0o 0* "c1&<o 4 @n"nc&"&*n1o
0*% 1*((o(&o'
L" S.;*(&n1*n0*nc&" 0* B"nc" 4 S*).(o ;(&o(&/" . *(<&c&o *n
;(**(<"( %o &n1*(** 0* %o 0*;o&1"n1*, 0* %o "*).("0o 4 0*
%o "@%&"0o "% SPP
6I6LIOGRA*IA(
;&(<<===.sbs.!ob.&e<
;&(<<===.la%nion%0".or!.ar<do".&;&>do"?1@
;&(<<===.osi&el.!ob.&e<eb$ieA+a4<