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CMF Amends NCG No. 540 And Strengthens Consent Management For REDEC
The Financial Market Commission has issued new regulations strengthening consent management requirements for Chile's Consolidated Debt Registry, introducing enhanced traceability, preservation, and notification standards. The amendments establish stricter protocols for how financial entities must handle debtor authorizations when accessing credit information, including mandatory notifications, unique tracking codes, and improved revocation mechanisms.
Chile Finance
C
Carey
Article
Capital Markets Reform Bill Proposes A New Regulatory Framework For Investment Managers And Significant Changes For The Fund Industry
The Chilean Government has introduced a comprehensive Capital Markets and Home Financing Reform Bill that fundamentally restructures the regulatory framework for fund management companies, including new capital requirements, the creation of investment manager roles, and enhanced operational flexibility. The proposed legislation also introduces significant tax amendments for investment fund units and establishes new mechanisms for housing finance through FONAVI funds.
Chile Finance
C
Carey
Article
Government Publishes Regulation Governing Personal Data Infringement Prevention Models
Chile's Personal Data Protection Agency has published a new regulation establishing comprehensive requirements for data infringement prevention models, including mandatory compliance programs, Data Protection Officer appointments, and certification procedures. The regulation introduces a three-year certification system that offers controllers potential mitigation of sanctions while setting forth detailed supervision and enforcement mechanisms.
Chile Privacy
C
Carey
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