Chile’s Financial Market Commission (CMF) has opened a second consultation on a proposal to update reporting requirements under Law No. 20,009 (Fraud Act), covering cases involving loss, theft, robbery and fraud. The draft would amend General Rule No. 487 to align Regulatory File E24 with elements introduced by Law No. 21,673 on the processing of fraud claims and to update the timeframes for regulated entities to submit related information. Compared with the first consultation version, the proposal adds new information fields covering fraud-claim processing requirements, the suspension of processes, and judicial actions issuers may take before Local Police Courts. It also clarifies and adjusts the aggregate information on Law No. 20,009 cases that financial entities must publish on their websites, aligning those disclosures with File E24, and expands reporting to capture a broader variety of cases and new requirements tied to user claims intended to limit user responsibility. Feedback can be submitted through the CMF website’s Regulations Under Consultation section for the next two weeks.
Chile Financial Market Commission 2025-05-07
Chile Financial Market Commission opens second consultation on revised Fraud Act reporting and File E24 requirements
Chile’s Financial Market Commission has launched a second consultation on updating reporting requirements under Law No. 20,009 (Fraud Act). The proposal amends General Rule No. 487 to align with Law No. 21,673, adding fields for fraud-claim processing, judicial actions, and expanding reporting to include more case types and user claim requirements.