Comisión para el Mercado Financiero CMF
Activity · 90 days
Laws & RegulationsEnforcementNews
Who they are
A technical public service with its own legal personality and assets, run by a Council of five commissioners and reporting to the President through the Ministry of Finance.
What they do
Supervises securities issuers and intermediaries, stock exchanges, fund managers, insurance companies, banks, credit card issuers and savings and credit cooperatives (DL 3.538, Art. 3). Issues rules, requires information and orders inspections; its Council imposes sanctions by reasoned resolution, which can be challenged by reposición before the CMF or by reclamo de ilegalidad before the Santiago Court of Appeals.
Key laws & regulations issued
- Rule Norma de Carácter General N° 519 de la CMF, que modifica las Normas de Carácter General N° 30 y 461 referidas a la memoria anual integrada (integrated annual report: NIIF S1 and S2) 2024
- Act Ley N° 21.521, que promueve la competencia e inclusión financieras a través de la innovación y tecnología en la prestación de servicios financieros (Ley Fintec) 2023
- Rule Norma de Carácter General N° 461 de la CMF, que modifica la estructura y contenido de la memoria anual de los emisores de valores y modifica y deroga normas que indica (annual report: sustainability and corporate governance) 2021
- Act Decreto con Fuerza de Ley N° 3 de 1997, Ministerio de Hacienda, que fija el texto refundido, sistematizado y concordado de la Ley General de Bancos y de otros cuerpos legales que se indican (consolidated text of the General Banking Law) 1997
- Act Ley N° 18.045, Ley de Mercado de Valores 1981
- Act Decreto Ley N° 3.538, que crea la Comisión para el Mercado Financiero 1980
Enforcement by this regulator
The latest 10 of 26 — see all 26 on the Enforcement tab.
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 16 Sep 2026 | Vulion Capital S.A. (private investment fund administrator) | Formal Reprimand | — | official |
| 4 Sep 2026 | Cooperativa de Ahorro y Crédito Unión Aérea Limitada (savings and credit cooperative) | Monetary Penalty | CLF 100 | official |
| 4 Sep 2026 | Francisco José Gardeweg Ossa (individual (company director)) | Formal Reprimand | — | official |
| 21 Aug 2026 | Banco de Chile (commercial bank) | Monetary Penalty | CLF 238.14 | official |
| 21 Aug 2026 | Banco Santander-Chile (commercial bank) | Monetary Penalty | CLF 2,656.46 | official |
| 10 Aug 2026 | Unidad Mutuos Hipotecarios S.A. (endorsable mortgage loan administrator) | Formal Reprimand | — | official |
| 7 Aug 2026 | Nevasa S.A. Corredores de Bolsa (securities broker) | Monetary Penalty | CLF 6,000≈ US$268,169 | official |
| 31 Jul 2026 | Andrés Felipe Rojas Figueroa (individual (alternate director)) | Monetary Penalty | CLF 350 | official |
| 3 Jul 2026 | Zurich Chile Asset Management Administradora General de Fondos S.A. (fund management company (AGF)) | Monetary Penalty | CLF 400≈ US$17,719 | official |
| 25 Jun 2026 | Lilas S.A.D.P. (professional sports organisation (S.A.D.P.)) | Monetary Penalty | CLF 180≈ US$7,972 | official |
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Chile supervising overlapping sectors.