REGULATED INDUSTRIES LEGAL SERVICES IN PERU

 

 

Regulated Industries

Companies operating in certain industries must comply with specific laws applicable to that industry. This could also involve a requirement to obtain a licence or permit, or to make additional filings.  Examples of these industries are: financial services, fisheries and forestry, food and drug, energy, health, mining, oil and gas, securities, telecommunications, travel and transportation. Certain activities may also require additional regulatory compliance, such as environmental laws. These industry-specific laws are in addition to the legislation that applies generally to all companies operating in Perú.

Regulatory bodies

Since 1990, when the previous interventionist structure of the State was dismantled, a new regulatory system was structured, similar to the one that exists in the most modern market economies. Various regulatory bodies were created, such as the National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi), whose fundamental role is to guarantee that the markets function adequately, ensuring the application of the rules of free competition and of repression of unfair competition and consumer protection, among others. There are also other regulatory agencies that act in specific sectors.

This is the current list:

• SBS (Superintendency of Banking, Insurance and Pension Funds)
Regulates banks, insurance companies, and pension funds to ensure financial stability and transparency.

• SMV (Superintendency of the Securities Market)
Supervises the securities market, protects investors, and promotes fair and transparent trading practices.

• INDECOPI (National Institute for the Defense of Competition and Protection of Intellectual Property)
Promotes fair competition, safeguards consumer rights, and oversees intellectual property regulations.

• OSINERGMIN (Supervisory Agency for Investment in Energy and Mining)
Regulates and monitors energy and mining activities, ensuring safety, quality, and fair pricing.

• OSIPTEL (Supervisory Agency for Private Investment in Telecommunications)                                  Regulates telecommunications services, promotes competition, and protects user rights.

• SUNASS (National Superintendency of Sanitation Services)
Supervises water and sanitation services, ensuring efficiency, coverage, and service quality.

• OSITRAN (Supervisory Agency for Investment in Public Transport Infrastructure)
Regulates concessions for public infrastructure such as ports, airports, highways, and railways.

• SUSALUD (National Superintendency of Health)
Oversees public and private healthcare services, ensuring quality and protecting patient rights.

• SUNEDU (National Superintendency of Higher University Education)
Regulates the quality of universities and higher education institutions through licensing and oversight.

• SUCAMEC (National Superintendency for the Control of Security Services, Firearms, Ammunition and Civil Use Explosives)
Regulates civilian use of firearms, ammunition, and private security services.

• BCRP (Central Reserve Bank of Peru)
Peru’s monetary authority responsible for maintaining economic stability, controlling inflation, and issuing currency.

• OSCE (Supervisory Agency for State Contracting)
Regulates public procurement processes, promoting transparency, efficiency, and fair competition in government acquisitions.

• OEFA (Agency for Environmental Assessment and Enforcement)
Enforces environmental regulations across sectors such as mining, energy, and industry, ensuring environmental protection and sustainability.