meta_id 3448534

On August 30, 2026, the Financial Markets Commission (CMF) published its Policy Document on Financial Market Modernisation, presenting a comprehensive set of proposals to advance Chile's financial market development. The document consolidates initiatives gathered by the CMF during 2024 and 2025 through a participatory process involving industry representatives, academia, and citizens. The CMF identified significant changes in the operating environment of Chile's financial markets, including substantial digitalisation of financial services, growing international market integration, and the emergence of new market participants and business models. The policy document distinguishes between initiatives the CMF plans to advance as part of its short-term regulatory agenda and those requiring extended evaluation based on impact, feasibility, proportionality, and alignment with the existing institutional framework. The proposals aim to strengthen the efficiency, competitiveness, depth, and resilience of Chile's financial market. The CMF's Council acknowledged the contributions of industry, academic, and citizen representatives who participated in the 2024-2025 consultation process, which complemented the CMF's internal work aligned with its market development mandate. The CMF noted that the policy document does not represent final regulatory decisions on all matters addressed, but rather transparently outlines the priorities and work streams the Commission considers relevant to explore over the coming years. As financial markets evolve and new regulatory needs emerge, the CMF indicated it may incorporate additional work streams into its development agenda. REFERENCES: Financial Markets Commission (CMF). "CMF publica Documento de Política sobre Modernización del Mercado Financiero." August 30, 2026. Available at: https://www.cmfchile.cl/