meta_id 3475681

On September 8, 2026, the Financial Markets Commission (CMF) issued an amendment to Normative Circular N°539 eliminating the requirement for supervised entities to submit semiannual reports to the CMF regarding fraud-related disclosures published on their websites. The modification reduces regulatory reporting obligations for banks, payment card issuers, savings and credit cooperatives, and other supervised entities subject to the Fraud Law (Law N°20.009). Under Article 11 of Law N°20.009, supervised entities must publish information on their websites concerning the number of users affected by cases of loss, theft, robbery, and fraud covered by the law, including the amounts involved and the timeframes within which the entities responded to or fulfilled their obligations. Previously, Normative Circular N°539 required entities to additionally submit these semiannual website publications to the CMF for validation purposes. The CMF determined that it can conduct validations directly from information published by entities on their respective websites, making the submission requirement redundant. Consequently, the CMF eliminated this obligation, streamlining compliance procedures and reducing administrative burden on supervised financial institutions. The amendment applies to disclosures regarding the second half of 2026 and onwards. This regulatory change reflects the CMF's ongoing effort to balance supervisory effectiveness with proportionate regulatory requirements, enabling the regulator to access necessary information through public channels rather than through direct entity submissions. The updated normative circular is available on the CMF's institutional website.