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ARTICLE · 24 JANUARY 2018

End Of The Superintendence Of Securities And Insurance

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On January 15, 2018, after a history of more than 37 years, the Superintendence of Securities and Insurance ceased to exist.

ChileStrategy
Pablo Iacobelli
Pablo Iacobelli
Cristián Figueroa
Cristián Figueroa
Patricia Silberman
Patricia Silberman
Jaime Coutts
Jaime Coutts

On January 15, 2018, after a history of more than 37 years, the Superintendence of Securities and Insurance (SVS by its Spanish initials) ceased to exist. This is one of the steps included in Law N° 21,000 (the "Law"), which created the Commission for the Financial Market (the "Commission").

In the context of the Law, on December 14, 2017, a transitory implementation period started for the Commission, which lasted until January 15, 2018, during which the Commission and the SVS coexisted. Ultimately, the Law provides that the Commission will be to all effects the survivor and legal successor to the SVS, and, hence, any reference made to the SVS must be understood as being made to the Commission.

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