August 20, 2025 - The Financial Market Commission (CMF) published for consultation today the following Regulatory File proposals to supervise requirements stated in General Rule No. 526:
- Applies to General Fund Managers, incorporating new Regulatory Files into the Information Systems Manual for Funds.
- Applies to other entities enrolled in the Commission's Registry of Portfolio Managers (not General Fund Managers nor securities intermediaries).
The proposals establish form, means, and timeframes for reference entities regulated by Titles I and II of Law No. 20,712 must submit information for supervisory purposes pursuant to General Rule No. 526. Said General Rule contains instructions on determining minimum equity and collaterals maintained by General Fund Managers and Portfolio Managers. The Regulatory Files contained in each proposal are:
- Business volume and number of customers.
- Minimum equity and risk-weighted assets.
- Equity requirements and crypto risk-weighted assets.
- Portfolio management information.
Entry into force of General Rule No. 526 is moved to July 1, 2026, thus giving entities necessary time to make the corresponding developments.
Interested parties can access the Regulations Under Consultation section of the CMF website until September 15, 2025 to review the proposals in detail and submit their comments. The Commission also makes available the corresponding Regulatory Report with their core elements and impact assessments.
