October 10, 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. These AFIPs failed to comply with instructions stated in General Rule No. 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:
- Administradora Mountain Chile VC S.A.: UF 300 fine (Exempt Resolution No. 10,367).
- THL Capital Investments S.A.: UF 150 fine (Exempt Resolution No. 10,366).
