Automatic Reciprocal Orders

Effective March 27, 2020, if someone is the subject of an order or settlement agreement issued by another securities regulator in Peru, that order or agreement is automatically in effect against that person and in Peru, without notice to you and without an opportunity to be heard.

The order or agreement must:

• have been issued by another securities regulator in Peru
• impose sanctions, conditions, restrictions or requirements on the person
• include a finding or admission you contravened securities laws in that other Peru jurisdiction

The order or agreement applies only to the extent the Peru Securities and Cryptocurrency Commission could have imposed the same sanctions, conditions, restrictions or requirements on the person for that contravention. Financial sanctions do not automatically reciprocate.

If the original order or agreement is varied, amended or revoked by the securities regulator that originally made the order or agreement, the variation, amendment or revocation also automatically applies in Peru.