Chile’s Financial Market Commission (CMF) has opened a consultation on proposed amendments to Chapter 18-5 of the Updated Compilation of Banking Regulations, which sets out guidelines on debtor information held by financial institutions under Article 14 of the General Banking Act. The changes are intended to facilitate convergence between institutions reporting debtor information through the Article 14 debtor registry and the Consolidated Debt Registry (REDEC), scheduled to enter into force in April 2026. The proposal is positioned as a harmonisation exercise to manage the coexistence of the Chapter 18-5 framework and General Rule No. 540, with the aim of ensuring credit information is consistent and reliable while safeguarding debtors’ rights. Feedback can be submitted via the CMF website’s Regulations Under Consultation section until 10 February 2026.
Chile Financial Market Commission 2026-01-13
Chile Financial Market Commission consults on amendments to debtor information reporting rules to align with REDEC
Chile’s Financial Market Commission has initiated a consultation on amendments to Chapter 18-5 of the Updated Compilation of Banking Regulations. The proposed changes aim to harmonize debtor information reporting between the Article 14 debtor registry and the Consolidated Debt Registry, enhancing consistency and reliability while protecting debtors' rights.