Financial Regulation

The Superintendencia de Pensiones has published Normativa NCG N° 354, regulating the establishment and launch of new Administradoras de Fondos de Pensiones (AFPs), aligned with the 2025 pension reform. The norm raises the minimum capital requirement to UF 50,000 and sets experience standards for directors and investment executives, also applying to existing AFPs from April 2027.

3. december 2025 Rapporteret af AI

Chile's Superintendencia de Pensiones has launched a public consultation on a regulation raising requirements for AFP directors and investment executives. The measure, sparking industry debate, demands at least 10 years of experience managing assets over US$1,000 million. Existing administrators have until April 2027 to comply.