Chile’s Financial Market Commission (CMF) has issued final regulations, following a public consultation, setting the technical suitability and capacity criteria for appointing interventors under the Fintech Act framework. The rules aim to ensure designated interventors have the experience and knowledge needed to perform their functions. The requirements apply to the designation of interventors or provisional administrators for securities intermediaries and commodity exchange brokers, and to interventors for entities providing intermediation and/or custody of financial instruments under Title II of the Fintech Act. The regulations take effect on their date of issuance.
Chile Financial Market Commission 2025-04-14
Chile Financial Market Commission issues technical suitability rules for appointing interventors for securities intermediaries and certain Fintech Act service providers
Chile’s Financial Market Commission has finalized regulations establishing criteria for appointing interventors under the Fintech Act. The rules ensure interventors for securities intermediaries, commodity exchange brokers, and financial instrument custodians possess necessary experience and knowledge. The regulations are effective immediately.