The CMF regulates the registration, authorisation and obligations of financial service providers under the Fintec Act.
January 26, 2024 · 1 min read
On 12 January this year, the Financial Market Commission published the following regulations: Comisión para el Mercado Financiero publicó las siguientes normas:
- Norma de Carácter General N° 502: General Rule No. 502: establishes in a single regulatory body the instructions and requirements for financial service providers referred to in Title II of Law No. 21.521, i.e. crowdfunding platforms, alternative transaction systems, credit and investment advice, custody of financial instruments, routing of orders and intermediation of financial instruments.
- Norma de Carácter General N°503: establece exigencias para acreditar la idoneidad para el desempeño de funciones de corredores de bolsa, agentes de valores, corredores de bolsa de productos, administradoras generales de fondos, agentes comercializadores de cuotas de fondos, administradoras de carteras inscritas y quienes presten servicio de asesoría de inversión.
- Norma de Carácter General N° 504: General Rule No. 504: regulates the provisions of article 65 third paragraph of the Securities Market Law (Law No. 18.045) regarding information provided to investors and the general public, containing recommendations to acquire, hold or dispose of publicly offered securities, or involving the definition of target prices.
Click here to review it. Capital MarketsOur Capital Markets team has prepared a report summarising the novelties presented in the implications of the Fintec Law.
