On December 26, 2018, the Central Bank of Chile published an amendment to Chapter III.J.2 of its Financial Regulations Compendium, on Payment Cards Operation, after a one-month public consultation that allowed the general public to make comments or observations to the proposal.

Becker, Glynn, Muffly, Chassin & Hosinski LLP in New York and Chilean firm Carey have advised the International Finance Corporation on its US$140 million equity investment in Chilean financial institution Consorcio Financiero.

On Thursday, July 30th, 2015, ComDer Central Counterparty S.A. began its operations, with the objective to manage netting and settlement of financial instruments.

Tomorrow, January 26, Law No. 20,855 (the Law) comes into effect, which requires the release and cancelation of mortgages and pledges without conveyance that guarantee loans, once they are extinguished.

The importance of this article resides in the quick enforcement mechanism that was contained there, which solely required a judicial notice to the debtor and a seven days' notice for the execution of the pledge.

Chilean firm Carey has helped Israeli electricity generation company IC Power obtain a loan from Santander.

Claro & Cía has helped a subsidiary of Chilean financial services group Larraín Vial buy the owner and lessee of two hotels in Santiago.

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

Chile's Ministry of Economy has published a new regulation replacing the 2012 framework for credit card consumer information, introducing mandatory templates, enhanced disclosure requirements, and digital payment interface standards. The regulation aims to improve financial transparency and consumer understanding while requiring issuers to adapt their systems and documentation by February 2028.

On July 27, 2016, the SVS issued the general rule 410 ("NCG 410"), which supplements the list of entities that qualify as "institutional investors" according to article 4(e) of the LMV N°18,045.

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped a wind project obtain an estimated US$140 million in financing.

Reporting Entities now must identify, independently verify and record supporting evidence as to their clients' (legal entities) ultimate beneficial ownership.

On June 12, 2017, the Chilean Financial Analysis Unit issued the General Instruction No. 57 imposing on Reporting Entities additional AML/CTF Know Your Customer controls.

On July 30th, 2018, the Commission for the Financial Market issued ruling 3092, expanding the list of foreign securities exempted from registration requirements before the Registry of Foreign Securities of the CMF.

Not long ago, Chile revised the Energy Act, the largest such change to the Chilean energy sector in 35 years.

On February 23, 2017, Law N°21,000 (the "Law") was published in the Official Gazette of Chile, creating the Commission for the Financial Market (the "Commission")...

A new pension Law has been published in Chile, representing one of the most significant structural reforms to the Chilean pension system in the last decade. Focused on the recovery of unpaid contributions, we set out the key changes below.

With the incorporation of the CMF, the figure of a Superintendent is eliminated, being replaced by a Council, composed of 4 commissioners and a president.

Argentina's Estudio Beccar Varela has helped Austrian wood panels company Egger acquire assets from counterpart company Masisa. Masisa, which is headquartered in Chile...