pc
nid 92927
Jun 01, 2026
ggallwey@vixio.com
Chile
Financial Markets Commission
financial services
134% of draft length
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1766 charsChile's Financial Markets Commission Launches Consultation on Information Reporting Requirements for Securities Intermediaries
On June 1, 2026, the Financial Markets Commission (CMF) published for public consultation proposed regulatory files establishing information reporting requirements applicable to securities intermediaries and commodity exchange brokers in Chile.
The CMF proposes two key regulatory frameworks. The first addresses monthly reporting to determine entity classification within business volume blocks (categories 1, 2, or 3). This classification mechanism establishes the basis for applying proportionality criteria in compliance with General Standard Regulations (Normas de Carácter General) N°510 on operational risk management for securities market entities; NCG N°528 on corporate governance and risk management for securities intermediaries and commodity exchange brokers; and NCG N°562 on minimum capital, guarantees, liquidity, and leverage for securities intermediaries and commodity exchange brokers. The second framework requires monthly and daily reporting on minimum capital, guarantees, liquidity, and leverage to supervise compliance with NCG N°562.
The proposed regulatory file for business volume blocks classification will enter into force on September 1, 2026, with the first information submission required in October 2026. The regulatory files for NCG N°562 supervision will enter into force on March 1, 2027, with the first information submission due April 1, 2027. The CMF established extended implementation timelines to allow entities adequate time to develop necessary systems and processes.
The public consultation period closes on June 26, 2026. Interested parties can access the full proposals in the "Normativa en Consulta" section of the CMF website, which also includes a Regulatory Report summarising the key contents of both proposals.
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2363 charsChile Financial Market Commission Consults on Reporting Requirements for Securities Intermediaries and Commodity Brokers
On June 1, 2026, Chile's Financial Market Commission (CMF) launched a public consultation on two proposed reporting frameworks applicable to securities intermediaries and commodity brokers. The proposals establish the form, frequency and means by which entities must submit information to support the implementation and supervision of the CMF's new proportional governance, risk management and prudential framework.
The first proposal would introduce a new monthly reporting file requiring firms to submit information on income, active clients, assets under custody and transaction volumes. The information would be used to classify entities into business volume Blocks 1, 2 or 3, which determine the proportional application of requirements under General Rules No. 510 (Operational Risk Management), No. 528 (Corporate Governance and Comprehensive Risk Management) and No. 562 (Minimum Equity, Guarantees, Liquidity and Indebtedness).
The CMF notes that block classification directly affects regulatory obligations relating to governance, risk management, operational resilience and prudential requirements. For example, Block 3 firms are subject to more stringent governance and control requirements, including dedicated risk management and internal audit functions, while entities classified in Blocks 2 and 3 are subject to minimum capital and guarantee requirements based on risk-weighted assets.
The second proposal would establish a prudential reporting framework to support supervision of General Rule No. 562. The framework would introduce seven new reporting files (IVCBP02–IVCBP08) covering minimum equity, guarantees, operational risk, market risk, credit risk, crypto-asset risk, liquidity and indebtedness. The proposal would also require entities to submit daily information on compliance with key capital, liquidity and solvency indicators and maintain systems capable of demonstrating compliance to the CMF upon request.
Under the proposed implementation timeline, the business volume classification framework would enter into force on September 1, 2026, with the first submission due in October 2026. The prudential reporting framework would enter into force on March 1, 2027, with the first reporting submissions due in April 2027.
Interested stakeholders may submit comments on the proposals through the CMF's website until June 26, 2026.