CMF reiterates to the public that the entity known as Orionx, its activities are not supervised by the Commission

September 4, 2026 - Given the inquiries received regarding the wind-up of operations by Orionx SpA, the Financial Market Commission (CMF) informs that said entity is neither registered before nor authorized by the CMF to provide services regulated by the Fintech Act (Law No. 21,521). Therefore, it is not a supervised entity pursuant to the Act.

Orionx SpA presented an application for enrollment and authorization pursuant to the Fintech Act before the CMF, which rejected that application through Ordinary Official Communiqué No. 104,672 dated June 19, 2026. Until that moment, the entity was subject to the transitional regime set forth in the Fintech Act that allowed certain entities to keep operating while their applications were processed. Orionx SpA ceased being part of that regime when its application was rejected.

Since the date of refusal, the entity could only conclude existing operations, not conduct new ones, and notify its clients about the way its processes would be wound up.

The CMF reminds the public that merely filing an application for enrollment and authorization does not mean that an entity is effectively enrolled, approved, and supervised. By not obtaining its authorization, Orionx SpA failed to accredit before the CMF the contracting of collaterals that the Fintech Act and its supplementary regulations require for authorized providers.

What can OrionX Spa Clients Do?

The CMF is not in charge of Orionx SpA's wind-up process, nor can it order the restitution of clients' funds and assets held by said entity. Therefore, anyone who has funds or assets held by Orionx SpA must present their inquiries directly to the entity and keep any background information proving their standing, such as account statements, operation ledgers, and communications with the firm.

Affected parties can also conduct any action they deem appropriate before the Courts of Justice to obtain the restitution of their funds or assets. Should they deem these events a possible criminal offense, they can also present their background information to the Courts.