Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 28 OCTOBER 2026

CMF Launches ATENA Technology Sandbox To Advance Implementation Of The Open Finance System

Carey
Carey
Contributor
Carey

Carey

Carey is Chile’s largest law firm, with more than 280 legal professionals providing comprehensive...

View firm profile
Explore more from Carey

Chile's Financial Market Commission has launched the ATENA Technology Sandbox, a secure testing infrastructure enabling financial institutions to prepare for participation in the country's Open Finance System. The sandbox allows institutions to test technical developments, verify compliance with OFS standards, and conduct interoperability testing ahead of the system's scheduled July 2027 operational launch.

ChileFinance and Banking
Fernando Noriega
Fernando Noriega
Javiera Leal
Javiera Leal
Ignacia Mayne-Nicholls
Ignacia Mayne-Nicholls

The Financial Market Commission (“CMF”), with the support of the Inter-American Development Bank, launched the ATENA Technology Sandbox (Ambiente Tecnológico de Experimentación y Nuevas Aplicaciones), an infrastructure that will allow institutions to test their developments and integrations in a secure and controlled environment as part of their preparations to participate in the Open Finance System (“OFS”).

The launch marks a new milestone in the implementation of the OFS established by Law No. 21,521, or the Fintech Law, and regulated by General Rule No. 514, as amended. ATENA will allow institutions to move from regulatory and technological readiness to interoperability testing ahead of the OFS becoming operational, which is scheduled for July 2027.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Central Bank Unveils Regulatory Agenda To Strengthen The Payments System And Financial Market Infrastructures

The Central Bank of Chile has unveiled its August 2026 Payments Systems Report, introducing a comprehensive regulatory development agenda that will reshape digital payments infrastructure and establish new frameworks for stablecoin regulation. The announcement signals significant changes ahead for financial institutions and Fintech companies as the Central Bank moves to strengthen instant payment systems...
ChileFinance and Banking
Carey
Carey
Article

Capital Markets Reform Bill Proposes A New Regulatory Framework For Investment Managers And Significant Changes For The Fund Industry

The Chilean Government has introduced a comprehensive Capital Markets and Home Financing Reform Bill that fundamentally restructures the regulatory framework for fund management companies, including new capital requirements, the creation of investment manager roles, and enhanced operational flexibility. The proposed legislation also introduces significant tax amendments for investment fund units and establishes new mechanisms for housing finance through FONAVI funds.
ChileFinance and Banking
Carey
Carey
Article

CMF Amends NCG No. 540 And Strengthens Consent Management For REDEC

The Financial Market Commission has issued new regulations strengthening consent management requirements for Chile's Consolidated Debt Registry, introducing enhanced traceability, preservation, and notification standards. The amendments establish stricter protocols for how financial entities must handle debtor authorizations when accessing credit information, including mandatory notifications, unique tracking codes, and improved revocation mechanisms.
ChileFinance and Banking
Carey
Carey
Article

CMF inicia consulta pública para ampliar las actividades complementarias de operadores de tarjetas de pago

La Comisión para el Mercado Financiero ha iniciado una consulta pública sobre modificaciones normativas que permitirían a los operadores de tarjetas de pago expandir significativamente sus servicios complementarios. La propuesta incluye la incorporación de servicios de iniciación de pagos, sistemas basados en transferencias electrónicas y servicios de payouts, aprovechando las capacidades tecnológicas del ecosistema de pagos.
ChileFinance and Banking
Carey
Carey
Article

CMF Opens Public Consultation On A Proposal To Expand The Complementary Activities Of Payment Card Operators

Chile's Financial Market Commission has proposed regulatory amendments that would significantly expand the scope of activities available to payment card operators, introducing new services such as payment initiation, electronic funds transfer systems, and payout services to affiliated merchants. The proposal aims to leverage operators' technological capabilities while establishing clear conditions and safeguards for these complementary activities within the Chilean payments ecosystem.
ChileFinance and Banking
Carey
Carey
Article

CMF Launches Public Consultation On New Framework For Internal Methodologies Applicable To Credit Risk Provisions And Capital Requirements

Chile's Financial Market Commission has proposed a comprehensive regulatory framework that would allow banks to develop internal methodologies for calculating credit risk provisions and capital requirements, marking a significant step toward Basel III alignment. The proposal introduces a tiered system distinguishing between basic and advanced methodologies while establishing clearer authorization processes and updating the country's provisioning model. Banks would face a gradual implementation timeline exte
ChileFinance and Banking
Carey
Carey
Article

CMF modifica la NCG N°540 y fortalece la administración de consentimientos del REDEC

La Comisión para el Mercado Financiero de Chile emitió la Norma de Carácter General N°576, modificando el funcionamiento del Registro de Deuda Consolidada (REDEC) tras dos procesos de consulta pública que recibieron más de 360 comentarios. La normativa introduce exigencias reforzadas en materia de trazabilidad, preservación y notificación de consentimientos otorgados por deudores, además de regular la integración mediante APIs y establecer mecanismos má
ChileFinance and Banking
Carey
Carey
Article

Congress Approves And Passes The Tax Reform Bill

Chile's Congress has approved a comprehensive Tax Reform Bill featuring a gradual reduction of the Corporate Income Tax rate to 23%, full tax system integration, and new tax invariability regimes for investors. The reform introduces significant changes including preferential rates for foreign capital disclosure, elimination of capital gains tax on publicly traded shares, and temporary reductions in gift taxes for family transfers.
ChileTax
Carey
Carey
Article

Government Submits Bill Postponing By One Year The Entry Into Force Of Law No. 21,719 On Personal Data Protection And Strengthening The Institutional Framework Of The Data Protection Agency

The Chilean government has submitted a bill to postpone the implementation of its comprehensive personal data protection law by one year, pushing the effective date to December 2027. The proposed delay aims to provide additional time for establishing the Personal Data Protection Agency and allow organizations to adapt their processes to the new regulatory requirements.
ChilePrivacy
Carey
Carey
Article

Proposed Amendment To The SEIA Regulation Submitted For Public Consultation

Chile's Ministry of the Environment has published a draft amendment to the Environmental Impact Assessment System (SEIA) regulation, proposing significant changes to entry criteria and thresholds for mining and real estate projects. The proposal introduces higher thresholds for mining operations and exploration activities while establishing new exemptions for certain waste reprocessing projects and real estate developments with approved emissions offset programs.
ChileEnvironment
Carey
Carey
Article

Central Bank Unveils Regulatory Agenda To Strengthen The Payments System And Financial Market Infrastructures

The Central Bank of Chile has unveiled its August 2026 Payments Systems Report, introducing a comprehensive regulatory development agenda that will reshape digital payments infrastructure and establish new frameworks for stablecoin regulation. The announcement signals significant changes ahead for financial institutions and Fintech companies as the Central Bank moves to strengthen instant payment systems...
ChileFinance and Banking
Carey
Carey
Article

Capital Markets Reform Bill Proposes A New Regulatory Framework For Investment Managers And Significant Changes For The Fund Industry

The Chilean Government has introduced a comprehensive Capital Markets and Home Financing Reform Bill that fundamentally restructures the regulatory framework for fund management companies, including new capital requirements, the creation of investment manager roles, and enhanced operational flexibility. The proposed legislation also introduces significant tax amendments for investment fund units and establishes new mechanisms for housing finance through FONAVI funds.
ChileFinance and Banking
Carey
Carey
Article

ISP requiere a los titulares de registro sanitario el envío digitalizado de folletos de información al profesional y dispone su publicación en su sitio web

El Instituto de Salud Pública de Chile ha establecido nuevos requisitos para los titulares de registros sanitarios de productos farmacéuticos, exigiendo el envío digitalizado de folletos de información profesional para su publicación en línea. ¿Cuáles son las obligaciones específicas, los plazos de cumplimiento y las consecuencias del incumplimiento de esta normativa sanitaria?
ChileFood, Drugs, Healthcare, Life Sciences
Carey
Carey
Article

CMF Amends NCG No. 540 And Strengthens Consent Management For REDEC

The Financial Market Commission has issued new regulations strengthening consent management requirements for Chile's Consolidated Debt Registry, introducing enhanced traceability, preservation, and notification standards. The amendments establish stricter protocols for how financial entities must handle debtor authorizations when accessing credit information, including mandatory notifications, unique tracking codes, and improved revocation mechanisms.
ChileFinance and Banking
Carey
Carey