Chile's Financial Market Commission (CMF) Board sanctioned 42 Issuers of Publicly Offered Securities (EVOPs) for breaching their ongoing disclosure obligations by failing to submit financial statements within the deadlines required under General Rule No. 30. The measures were adopted under Exempt Resolution No. 12,095 and reflect the CMF’s view that timely financial statements are necessary for effective supervision and for the public to make informed decisions. Penalties comprised 31 censures and 11 fines, with monetary sanctions ranging from UF 100 to UF 375. The cases were handled through a simplified sanctioning procedure under Decree Law No. 3,538 and complementary regulations, which provides, among other features, for admission of responsibility by sanctioned parties.
Chile Financial Market Commission 2025-01-03
Chile's Financial Market Commission sanctions 42 public securities issuers for late financial statement filings with censures and fines up to UF 375
Chile's Financial Market Commission sanctioned 42 Issuers of Publicly Offered Securities for failing to submit financial statements on time, as required by General Rule No. 30. The enforcement measures included 31 censures and 11 fines, with penalties ranging from UF 100 to UF 375. The simplified sanctioning procedure under Decree Law No. 3,538 allowed for admission of responsibility by the sanctioned parties.