September 9, 2024 - Through Exempt Resolution No. 7,727 of August 23, 2024, the Board of Financial Market Commission (CMF) sanctioned Inversiones Torre CG S.A. with a fine of UF 50 for breaching ongoing information duties set forth in General Rule No. 364. Said General Rule states that Private Investment Fund Managers must report their funds, identification and participants, amount of contributions, and their assets and liabilities.
However, Inversiones Torre CG S.A. did not submit its information as of December 2021 in due time. This information helps determine whether such entities comply with conditions stated in the regulations for investment funds supervised by the Commission.