Chile’s Fintech Law has introduced a new regulatory framework for financial service providers, but an important distinction continues to generate questions in the market: being registered with the Financial Market Commission (CMF) is not the same as being authorized to provide regulated financial services.
In a recent article published by DOE Actualidad Jurídica, Juan Ignacio Santa María, banking and financial law specialist at Chirgwin, examines the legal and practical implications of this distinction for fintech companies, investors, clients, and business partners. The article highlights the importance of clear regulatory disclosures and sound corporate governance throughout the authorization process.
The analysis also explores the risks of communications that, while technically accurate, may create confusion regarding the scope of a company’s authorization or regulatory oversight by the CMF.
We invite you to read the full article and learn why this distinction is essential for transparency, trust, and the sustainable development of Chile’s fintech ecosystem.
