The Chile Financial Market Commission sanctioned Lautaro de Buin S.A.D.P. for breaching ongoing disclosure duties by failing to submit its March 2024 financial information within the deadline set in General Rule No. 201. General Rule No. 201 requires Professional Sports Organizations to provide quarterly information to the Commission on operating capital, certification of payment of labor and social security obligations, and a responsibility statement for the submitted information, within 30 days after each quarter end. Under Exempt Resolution No. 3,861, the CMF imposed a fine of UF 210 and underscored the importance of timely submission of the information required under its regulatory framework.
Chile Financial Market Commission 2025-04-30
Chile Financial Market Commission fines Lautaro de Buin S.A.D.P. UF 210 for late submission of March 2024 financial information
The Chile Financial Market Commission fined Lautaro de Buin S.A.D.P. for failing to meet disclosure obligations by not submitting March 2024 financial data on time, as required by General Rule No. 201. The rule mandates quarterly reporting on operating capital and other obligations within 30 days post-quarter. The fine, set at UF 210 under Exempt Resolution No. 3,861, emphasizes the importance of timely compliance.