meta_id 3338825

On July 20, 2026, Peru's Superintendency of Banking and Insurance (SBS) published draft guidelines for the operation of the open finance system in Peru for public consultation. The guidelines represent Phase 2 of the implementation roadmap for Peru's open finance system and follow diagnostic assessments and stakeholder discussions. The draft guidelines establish the structure, governance, security standards, and operational conditions for the Open Finance system. The SBS proposes a framework enabling secure, standardized exchange of user data subject to explicit consent and SBS supervision. The consultation focuses on the following key components of the financial data ecosystem: Participation rules. Trust framework. Interoperability standards. Mechanisms for progressive implementation. Key points of the consultation include: The proposed model is structured around three core pillars: Block 1 (Governance and Operations), Block 2 (Trust Framework), and Block 3 (Interoperability Standards). Participants will fulfill roles as Data Provider Entities (EPDs), Data Recipient Entities (ERDs), or Account Aggregation Service Providers (PSACs), operating under a principle of reciprocity that allows entities to act as both data providers and consumers. Incorporation into the system requires passing a preliminary Registration Phase (evaluating governance, compliance, and risk management) followed by a Technical Authorization Phase (sandbox testing, API integration, and security validations). ERDs and EPDs must implement dedicated interfaces within their electronic channels so users can easily view, renew, modify, or revoke their data-sharing authorizations at any time. EPDs may charge ERDs cost-justified, non-discriminatory transmission fees, provided EPDs submit a technical and economic report justifying the charges to prevent access barrier. The guidelines specify adoption of international security standards for application programming interfaces (APIs), development of a financial grade application programming interface (FAPI) profile for Peru to strengthen data protection, creation of shared infrastructure for participants, and gradual participant incorporation. Initial implementation prioritizes transactional information exchange for savings accounts and credit cards. The framework incorporates international best practices while tailoring specifications to Peru's financial services environment. The SBS invites entities, industry associations, specialists, and interested citizens to submit comments and contributions until August 7, 2026, via lineamientos-sfa@sbs.gob.pe. Responses received during the consultation period will inform refinement of the guidelines prior to their finalization and subsequent implementation phases.