Chile’s Financial Market Commission (CMF) sanctioned 30 Private Investment Fund Managers (AFIPs) for breaching ongoing disclosure obligations by failing to submit required quarterly financial information on their managed funds within the prescribed deadlines. The action, adopted through Exempt Resolution No. 4,071, relates to non-compliance with reporting instructions under General Rule No. 475. The quarterly filings are intended to keep the CMF’s information on private investment funds current, including data on participants and each fund’s assets and liabilities. Sanctions comprised 20 fines ranging from UF 30 to UF 330 and 10 censures, with the highest fines (UF 330) imposed on IBF Capital Administradora S.A. and Gestora La Avanzada S.A.
Chile Financial Market Commission 2025-05-07
Chile Financial Market Commission sanctions 30 private investment fund managers for late quarterly fund reporting
Chile’s Financial Market Commission sanctioned 30 Private Investment Fund Managers for failing to meet quarterly disclosure obligations under General Rule No. 475. Sanctions included fines ranging from UF 30 to UF 330 and censures, with the highest fines imposed on IBF Capital Administradora S.A. and Gestora La Avanzada S.A.