Financial Market Commission

CMF sanctions Private Investment Fund Managers for breaching ongoing information duties

Sanctions arise from these AFIPs not sending quarterly information about their funds to the Commission in a timely manner.

January 24, 2025 - The Board of the Financial Market Commission (CMF) sanctioned two Private Investment Fund Managers (AFIPs, for their Spanish acronym) for breaching their ongoing information duties.

Per the Exempt Resolutions issued on January 16, 2025, these AFIPs failed to comply with instructions stated in General Rules Nos. 364 and 475 by not submitting quarterly financial information about their managed funds to the Commission in a timely manner. Said information allows the CMF to have current data on private investment funds, such as their participants and each fund's assets and liabilities.

The sanctioned AFIPs are:

Hedge Consultores S.A., UF 120 fine (Exempt Resolution No. 718).
Greenvestment S.A., UF 150 fine (Exempt Resolution No. 719).
Administradora Génesis Capital S.A., UF 180 fine (Exempt Resolution No. 731).
Administradora Zeus Capital S.A., UF 290 fine (Exempt Resolution No. 732).
Administradora Mountain Chile VC S.A., UF 40 fine (Exempt Resolution No. 733).