News
2025-03-18
We are pleased to announce that both Ried|Fabres Abogados and its partners have been recognized by the prestigious global ranking Leaders League for the year 2025, standing out in the areas of Banking & Finance, Mergers & Acquisitions, and Real Estate.
Legal Alert
2025-03-13
The regulation adjusts the requirements for a director to not be considered independent, complementing those already established in Article 50 of Law 18.046 and imposes on parent companies supervised by the CMF the responsibility of establishing a policy that regulates the criteria for the selection of directors in their subsidiaries.
News
2025-03-11
Ried Fabres will participate in the Biennial IBA Latin American Regional Forum Conference in Lima (March 19-21). Our partners Ricardo Abogabir and Salvador Barros will attend to discuss the region’s legal, economic, and regulatory challenges.
News
2025-02-18
We are pleased to announce that both Ried|Fabres Abogados and its partners have been recognized by the 2025 Latin America Guide of Chambers and Partners in the areas of Capital Markets and Corporate/M&A.
Legal Alert
2025-01-16
This regulation is issued in the context of the enactment of the Law No 21.442, published in “Diario Oficial” on April 13, 2022, which states that its regulations must be issued within 12 months from the date of the Law’s publication.
Legal Alert
2025-01-15
The present regulations set forth, on the one hand, a framework for corporate governance and comprehensive risk management applicable to both General Fund Managers, Securities Intermediaries, and Commodities Exchange Brokers, and on the other hand, incorporate these entities into the existing operational risk management framework contained in General Regulation No. 510.
Legal Alert
Through General Regulation No. 526, issued following the public consultation process held between July 8 and August 22, 2024, the CMF modified the method for determining the minimum equity and guarantees of general fund managers and portfolio managers.
Legal Alert
2025-01-02
The Cybersecurity Law N°21,663, effective as of January 1, 2025, establishes a regulatory framework for cybersecurity in both public and private sectors. It creates the National Cybersecurity Agency, responsible for overseeing compliance with the law. The law applies to essential services and operators of vital importance, which must implement preventive and responsive measures against cybersecurity incidents. It sets penalties of up to 40,000 Monthly Tax Units (UTM) for non-compliance.
Legal Alert
2024-11-25
On November 18, 2024, NCG 521, issued by the CMF, came into effect, modifying the validity section of NCG 503 to establish new instructions regarding the transition regime to the new knowledge accreditation mechanism.
Legal Alert
2024-11-15
The proposal uniforms information requirements and introduces new obligations for funds and their managers for submitting information to the regulator. Among the new requirements, they concern the expenses and effective remunerations incurred by funds, as well as the characterization of investors, among others. The proposal will remain open for public consultation until December 6, 2024.
News
2024-11-14
Ried Fabres Abogados and its partners have been recognized once again by the Leaders League ranking in the areas of Banking & Finance, Corporate / M&A and Real Estate.
Legal Alert
2024-11-12
Through General Rule No. 520 (NCG 520), issued following the public consultation process conducted between February 8 and April 8, 2024, the Financial Market Commission (CMF) amended General Rule No. 200, modifying the calculation method and limits on counterparty credit risk exposure in derivative transactions by implementing an approach measured through the credit equivalent, among other changes.
Legal Alert
2024-11-07
The new ruling revokes the existing regulation and establishes a new procedure to register for the simplified regime applicable to taxpayers who provide services remotely to taxpayers not subject to VAT, as well as the instructions to opt for the different tax periods under said regime.
Legal Alert
2024-11-06
General Rule No. 519, issued following the public consultation process held between August 19 and September 27, 2024, the CMF has postponed the obligation for securities issuers who have not yet done so to report an integrated annual report for the first time; has adopted international standards regarding sustainability; and has exempted entities for which the regulatory requirement would be disproportionately costly from the obligation to submit an integrated annual report.
News
2024-10-23
We are pleased to announce that Ried|Fabres Abogados and its lawyers have been recognized once again by the Legal 500 ranking in the areas of Capital Markets, Banking and Finance, and Corporate and M&A.
Legal Alert
2024-10-18
On October 14, 2024, the Financial Market Commission (“CMF”) began a public consultation period until November 6 regarding a regulatory proposal that enhances certain rules applicable to the registration and authorization of financial service providers under Law No. 21,521 (the “Fintech Law”), as well as some of their obligations.
Legal Alert
2024-10-16
On October 8, 2024, the Financial Market Commission (“CMF”) submitted for public consultation a regulatory proposal aimed at determining the requirements and conditions to be considered an independent director of publicly traded companies and to regulate the content of the general policy for the election of directors in its subsidiary companies.
Legal Alert
2024-10-15
On October 7, 2024, the Financial Market Commission (“CMF”) submitted for public consultation a regulatory proposal which complements the entry into force of General Rule No. 503, regarding the accreditation of suitability and knowledge for the provision of financial services. The deadline for submitting comments on this regulatory proposal is October 30, 2024.
News
2024-08-22
We are pleased to announce that both Ried|Fabres Abogados and its partners have been recognized by the 2025 Latin America Guide of Chambers and Partners in the areas of Capital Markets and Corporate/M&A: Highly Regarded.
