The Chile Financial Market Commission has launched a second public consultation on a revised regulation to strengthen the consent requirements that apply when debtors grant access to their information in the Consolidated Debt Registry (REDEC). The proposal sets procedures for financial institutions to follow when obtaining, recording, reporting and accounting for debtor consent, with the objective of strengthening protection of users' rights. The revised draft follows a first consultation that ran from November 2 to December 23, 2025 and received more than 200 comments from industry and other stakeholders. Based on that feedback, the Commission prepared an updated version of the regulation and has reopened consultation specifically on the implementation timeframes set out in Title IV, Validity, of the amending regulation described in the Regulatory Report. Comments on the proposal are open until June 1, 2026.
Chile Financial Market Commission2026-05-25
Chile Financial Market Commission opens second consultation on revised debtor consent rules for Consolidated Debt Registry access
The Chile Financial Market Commission has launched a second public consultation on a revised regulation to strengthen consent requirements for debtor access to information in the Consolidated Debt Registry (REDEC). The proposal sets procedures for financial institutions on obtaining, recording, reporting and accounting for debtor consent, and the new consultation focuses on implementation timeframes in the updated regulation.