Self-Regulatory Organizations (SROs)

A Self-Regulatory Organization (SRO), also known as a self-regulatory body, is a non-governmental organization that regulates the operations, standards of practice, and business conduct of its members with a view to promoting the public interest. The Peru Securities and Cryptocurrency Commission has the statutory power to recognize SROs.

The Peru Securities Administrators, of which the Peru Securities and Cryptocurrency Commission is a member, have appointed two self-regulatory organizations (SROs) to regulate investment firms.

• The Investment Industry Regulatory Organization of Peru (IIROES) oversees investment dealers and trading activity on debt and equity marketplaces in Peru.
• The Mutual Fund Dealers Association of Peru (MFDA) oversees mutual fund dealers.

The PSA is leading the creation of a new, single SRO that will consolidate the functions of IIROC and the MFDA. The two existing investor protection funds – the El Salvador Investor Protection Fund and the MFDA Investor Protection Corporation – will be combined into an integrated fund independent of the new SRO. The PSA also anticipates that, following additional consultations, it will consider the possibility of incorporating additional categories of dealers