The Chile Financial Market Commission’s Board sanctioned four publicly offered securities issuers for breaching ongoing disclosure duties by failing to submit their financial statements on time. Under Exempt Resolution No. 7,730, the Commission found non-compliance with the obligations in General Rule No. 30 and imposed sanctions of UF 350 on Sudmédica Quillota S.A. and UF 150 each on Unión Inmobiliaria S.A., Andacor S.A., and Inmobiliaria Yugoslava S.A.
Chile Financial Market Commission 2025-08-13
Chile Financial Market Commission sanctions four securities issuers for late filing of financial statements
The Chile Financial Market Commission sanctioned four securities issuers for failing to submit financial statements on time, breaching disclosure duties. Under Exempt Resolution No. 7,730, Sudmédica Quillota S.A. was fined UF 350, while Unión Inmobiliaria S.A., Andacor S.A., and Inmobiliaria Yugoslava S.A. each received fines of UF 150.