Progress In Implementation Of Funds Passport For The Pacific Alliance - Finance and Banking - Mondaq Chile - Mondaq Business Briefing - Books and Journals - VLEX 737172597

Progress In Implementation Of Funds Passport For The Pacific Alliance

Author:Mr Cristián Eyzaguirre, Francisco Guzmán and Carlos Alcalde

On July 30th, 2018, the Commission for the Financial Market (Comisión para el Mercado Financiero or "CMF") issued ruling 3092 (Resolución Exenta 3092 or "RE 3092"), expanding the list of foreign securities exempted from registration requirements before the Registry of Foreign Securities (Registro de Valores Extranjeros) of the CMF.

Previously, under ruling 246 (Resolución Exenta 246) of 2014, there was an exemption from registration in favor of the securities of issuers considered as "reporting issuers" under Canadian law, as well as the securities registered before the National Registry of Securities and Issuers of Colombia (Registro Nacional de Valores y Emisores de Colombia), the National Registry of Securities of Mexico (Registro Nacional de Valores de México), and the Public Registry of the Securities Market of Peru (Registro Público del Mercado de Valores de Perú).

In an effort to boost the implementation of the Funds Passport for the Pacific Alliance (integrated by Colombia, Mexico, Peru and Chile), pursuant to RE 3092 the funds or families of collective investment funds authorized by the Financial Superintendence of Colombia (fondos o familias de fondos de inversion colectiva autorizados por la Superintendencia Financiera de Colombia) were included in the list of...

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