The Chile Financial Market Commission (CMF) has sanctioned private investment fund managers (AFIPs) for breaching ongoing information duties by failing to submit quarterly financial information on their managed funds within the required timeframe. Under Exempt Resolutions issued on 16 January 2025, the CMF found non-compliance with instructions in General Rules Nos. 364 and 475, which are intended to keep the supervisor’s data on private investment funds current, including information on fund participants and each fund’s assets and liabilities. Fines were imposed on Hedge Consultores S.A. (UF 120), Greenvestment S.A. (UF 150), Administradora Génesis Capital S.A. (UF 180), Administradora Zeus Capital S.A. (UF 290) and Administradora Mountain Chile VC S.A. (UF 40).
Chile Financial Market Commission 2025-01-24
Chile Financial Market Commission fines private investment fund managers for late quarterly fund reporting
The Chile Financial Market Commission has sanctioned several private investment fund managers for failing to submit quarterly financial information as required by General Rules Nos. 364 and 475. Fines were imposed on Hedge Consultores S.A., Greenvestment S.A., Administradora Génesis Capital S.A., Administradora Zeus Capital S.A., and Administradora Mountain Chile VC S.A. for non-compliance.