Chile Financial Market Commission launches consultation on a new reporting form for low-value payment clearinghouses

Chile’s Financial Market Commission (CMF) has published for consultation a new information form covering operations conducted through low-value payment clearinghouses, intended to deepen the reporting requirements used to supervise these infrastructures under General Rule No. 489. The proposed form would capture additional information on operational cycles and the volume of accepted clearing payment orders, and would enable identification of participating institutions’ net debtor or creditor positions. It also introduces data fields aimed at monitoring minimum levels of collateral, liquidity reserves and minimum capital requirements, as well as information on experimental projects depending on clearinghouse managers and other entities, to support supervision and analysis of market development and operations. Feedback can be submitted through the CMF website’s “Regulations Under Consultation” section until March 20, 2025; the CMF has also published a supporting regulatory report outlining core elements and an impact assessment.