Regulators reject merger proposed by the Government: it will affect private investment

Regulators reject merger proposed by the Government: it will affect private investment

Within the list of legislative powers requested from Congress, the Government of Dina Boluarte seeks the merger of regulatory bodies in order to strengthen their capacity.

“The current regulatory model dates back 30 years, we are in the third generation of regulatory bodies,” said the president of the Council of Ministers, Gustavo Adrianzén.

Through a statement, Osiptel, Ositran, Sunass and Osinergmin assured that the measure lacks analysis and, if implemented, “can cause serious damage to the national economy caused by the lack of specialization and a negative signal for investors.”

In addition, it dynamites legal and economic predictability, both keys to getting the country out of recession.

On the other hand, it opens the door for regulatory decisions to lose their technical specialization, as they are more prone to high political influence and a possible scenario of arbitrary rates to the detriment of consumers, which is why they ask that their autonomy be respected.

“Indeed, the origin of our model is more than 30 years old, but regulators have evolved since our creation. Thus, in the permanent search for continuous improvement, we have been working to become world-class regulatory bodies, for which we have subjected to OECD evaluations, thus contributing to Peru’s efforts to achieve its accession to this international organization,” they signed.

Source: Larepublica

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