CMF repeals obligation to submit biannual reports that supervised entities publish on their websites pursuant to the Fraud Act to the Commission
An amendment to General Rule No. 539 repeals the obligation to submit to the CMF, on a semiannual basis, the information that the Fraud Act (Law No. 20,009) requires regulated entities to publish on their websites, to reduce the regulatory burden.
September 8, 2026 - The Financial Market Commission (CMF) issued today a regulation amending General Rule No. 539 with the aim of reducing the regulatory reporting burden currently applicable to banks, support companies, payment card issuers, and supervised savings and credit cooperatives concerning cases of loss, theft, and fraud as established by Law No. 20,009.
Pursuant to Article 11 of Law No. 20,009, these entities must report on their websites the number of users affected by the cases covered by said Act, specifying both the amounts involved and the timeframes within which they responded or fulfilled their obligations. Additionally, and for validation purposes, General Rule No. 539 required these entities to submit this semiannual report to the CMF.
Since the CMF can conduct validations based on information published by financial institutions on their respective websites, the regulation eliminates this requirement effective as of this date and, therefore, applies as of the publication of information for the second half of 2026.
The regulation is available in the Regulations section of the CMF website.