Raul Aza, vice president of Peruvian regulatory agency Conasev, said that the original integration project has been restated to two phases, given the legal and technologic impact of the first model.

"The first phase of the integration should be completed in November 2010, and the second phase by December 2011," said Raul Aza at a press conference following the second working meeting of representatives from the regulators of the three stock exchanges.

The first phase has been called “Enrutamiento Inmediato” (Immediate Routing), process in which they will work for the next few months so it can be implemented by November.

The meeting in Lima was also attended by Roberto Borras, director of Colombia's financial regulatory body, the SFC, and Armando Massarente, the director of stocks for Chile's securities regulator, the SVS.

A third working meeting is scheduled to be held in Bogota on June 21-22 in 2011.

(END) CSO/JPC/JCG/LVT