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Chile's Central Bank Establishes Procedure for External Representative Information Reporting

On September 10, 2026, the Central Bank of Chile (Banco Central de Chile) issued Circular Letter No. 768, establishing procedures for reporting information regarding external representatives within the Real-Time Gross Settlement System (Sistema LBTR). The circular letter applies to banks, cooperatives, financial market infrastructure administrators, and entities regulated under Law No. 20,345. It builds on the Central Bank's existing framework for the Sistema LBTR, which governs settlement and liquidity arrangements in Chile's financial system. The circular references the Central Bank's Circular Letter dated April 5, 2023, as foundational guidance for Sistema LBTR participants. Circular Letter No. 768 establishes standardised procedures for Sistema LBTR participants to report and maintain current information on external representatives authorised to act on their behalf within the system. This requirement ensures the Central Bank maintains accurate records of authorised signatories and representatives, supporting operational transparency and risk management across the settlement infrastructure. The procedures apply to all Sistema LBTR members and are categorised under the Central Bank's financial market infrastructure guidance framework. The circular letter is effective immediately upon publication and applies to all current and future Sistema LBTR participants. Financial institutions and administrators must ensure compliance with the external representative reporting procedures outlined in Circular Letter No. 768. REFERENCES: Banco Central de Chile. Carta Circular N° 768 - Procedimiento de información de apoderados externos (Sistema LBTR). September 10, 2026. Available at: https://www.bcentral.cl/

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Chile's Central Bank Updates External Representative Reporting Procedures for Real-Time Gross Settlement System

On September 10, 2026, the Central Bank of Chile (BCCh) issued Circular Letter No. 768 updating the procedures and forms for reporting external representatives within the Real-Time Gross Settlement System (Sistema LBTR). The circular applies to banks, savings and credit cooperatives, financial market infrastructures, and asset management companies operating under Law No. 20,345. The update implements modifications to Chapter 5 of the Compendium of Monetary and Financial Standards, which were enacted through Law No. 21,641 on the Resilience of the Financial System and its Infrastructures. The BCCh determined that updated forms were necessary to accommodate new participants accessing the LBTR system and to streamline the designation, modification, profile change, and revocation procedures for external representatives. The circular provides standardized forms for four key functions: designation of new external representatives, revocation of existing representatives, modification of representative profiles, and changes to representative information. External representatives may hold one of two profiles—"Operator" or "Consultant"—with Operators permitted to change queue priorities, cancel operations, and access system information, while Consultants may only access system information. Institutions must submit all forms to the BCCh via email at fiscalia@bcentral.cl and must include certification from the institution's legal officer or external counsel confirming that designated representatives possess sufficient authority to act on behalf of the institution within the LBTR framework. Effective October 1, 2026, all participating institutions must use the new forms for designating, modifying, or revoking external representatives in the LBTR system. Institutions should update their internal procedures and ensure that all designated representatives are registered using the updated forms by this date.

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fetch https://www.bcentral.cl/documents/33528/133256/Carta+Circular+768.pdf/deaadc2c-52ff-e178-87b5-8f741ff897c9?t=1789072132963 refused (not a fetched link)
search "Central Bank Chile circular LBTR Sistema Liquidación Bruta" → nids 95096, 92577, 95204, 94658, 94791
search "Banco Central Chile carta circular financial market infrastructure" → nids 95096, 92577, 94924, 94160, 94970

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Chile's Central Bank Establishes Procedure for External Representative Information Reporting

On September 10, 2026, the Central Bank of Chile issued Circular Letter No. 768, establishing procedures for reporting information regarding external representatives within the Real-Time Gross Settlement System (Sistema LBTR). The circular letter applies to banks, cooperatives, financial market infrastructure administrators, and entities regulated under Law No. 20,345. It builds on the Central Bank's existing framework for the Sistema LBTR, which governs settlement and liquidity arrangements in Chile's financial system. Circular Letter No. 768 establishes standardised procedures for Sistema LBTR participants to report and maintain current information on external representatives authorised to act on their behalf within the system. This requirement ensures the Central Bank maintains accurate records of authorised signatories and representatives, supporting operational transparency and risk management across the settlement infrastructure. The procedures apply to all Sistema LBTR members and are categorised under the Central Bank's financial market infrastructure guidance framework. The circular letter will come in effect from October 1, 2026 and applies to all current and future Sistema LBTR participants. Financial institutions and administrators must ensure compliance with the external representative reporting procedures outlined in Circular Letter No. 768.