Chile Financial Market Commission updates Fraud Act reporting rules and moves File E24 submissions to a quarterly cycle

The Chile Financial Market Commission (CMF) issued a regulation updating reporting requirements under Law No. 20,009 (Fraud Act) for cases involving users affected by loss, theft, robbery and fraud. The changes align the CMF’s Regulatory File E24 reporting with new elements introduced by Law No. 21,673 on fraud-claim processing and revise the deadlines for submitting information to the CMF. The regulation amends General Rule No. 487 and updates how entities must report information on fraud claims, related notifications and judicial actions that issuers may bring before Local Police Courts. It shortens the File E24 reporting period from six months to three months, setting a quarterly submission cadence after the CMF revised its earlier proposal for monthly filings following consultation feedback on administrative costs and the need for timely data, while requiring 2025 data to continue to be submitted biannually. Separate guidelines require entities to publish aggregated data on objected wire transfers and card payments on their websites, and the regulation repeals Letters to Management No. 92027189 (December 7, 2020) and No. 92400106 (January 5, 2024).