Regulatory Alerts2026-05-28
CMF Publishes Regulation That Simplifies and Modernizes the Regulatory Framework for Supervised Savings and Credit Cooperatives
The Chilean Financial Market Commission (CMF) has issued new regulations to modernize and simplify the supervisory framework for Savings and Credit Cooperatives (CACs) with equity exceeding 400,000 UF, transferring regulatory authority from the Ministry of Economy’s DAES division. The rule establishes the Updated Compilation of Cooperative Regulations (RAN CACs) and the Information System Manual (MSI CACs) to consolidate oversight, implement risk-based supervision, and enforce proportional standards aligned with the Financial Resilience Law. Implementation will proceed gradually to allow cooperatives to adapt their governance, risk management, and reporting systems while minimizing systemic disruption.
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