October 13, 2025 - The Financial Market Commission (CMF) published for consultation today a regulatory proposal amending General Rule No. 532 on the Information Systems Manual for Funds (ISMF) that postpones its entry into force until June 2026.
The ISMF contains instructions on submission of information to supervise both general fund managers and their funds. These entities are regulated by Law No. 20,712.
Additionally, the regulatory proposal considers the following amendments:
- Including additional fields and instructions to submit regulatory files.
- Adjusting the Funds 02 regulatory file, which replaces the mandatory submission of registries 01, 02, 03 and 04 with the obligation of reporting transactions in derivative instruments of managed funds to the Central Bank of Chile through SIID-TR.
- Adjusting the calculation structure for funds' cost rates in the Funds 03 regulatory file.
These amendments will become effective upon issuance of the regulation, and the submission of information through the ISMF starts in June 2026. However, reporting entities shall continue submitting information pursuant to current regulations until November 2026.
