The Chile Financial Market Commission (CMF) filed a complaint with the Public Prosecutor's Office against any responsible parties for disclosing confidential information from the sanctioning procedure conducted by its Investigation Unit concerning the Structured Capital I investment fund, managed by Larraín Vial Activos Administradora General de Fondos. The action follows media publication of background information and activities from the procedure despite a legal ban on disclosure. Under Article 43 of Decree Law No. 3,538 (the CMF Act), sanctioning procedures are reserved and all parties must not disclose information accessed during the procedure in order to prevent dissemination; breaches constitute a criminal offence punishable by a fine of 6 to 10 monthly tax units and minimum- to medium-degree imprisonment. Although the CMF Board made the procedure public on 21 October 2024, information gathered by the Investigation Unit and the official statement of charges remained confidential; a press article published on 22 January 2025 included details of presentations made during the procedure. This is the CMF’s fourth complaint to the Public Prosecutor’s Office for alleged infringements of non-disclosure duties in connection with this sanctioning procedure, following prior filings on 25 October 2024, 27 December 2024 and 14 January 2025.

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